Lets just say we have 5000 retirements in the next 10 years.

Let's go with the lower limit of $1.4M to fund $8500/mo

That's $7 Billion with a B. That's just to get the old guys funded.

Now let's figure 1.4M over 20 years for the remaining 9000 pilots.

That's another 6.3B over the next ten years (700k x 9000 pilots)

Then factor in the new hires replacing the under ten to go guys.

Another 700k x 2500 pilots assuming manning stays around 14k. That's 1.75B

We're looking at somewhere north of $15B plus in the next decade plus just under a Billion annual after that catch up decade.

If you can get management to sign on for $1.5B a year more in pilot retirement a year, without selling the farm on work rules, scope and JV, you need to be on our negotiating committee.

I think better medical for all and keeping eligibility for retirees at least though age 70, might be a more winnable fight.

Yes, Delta medical is industry average.

But compared to every other civilian job I've had, it's expensive and prescription coverage sucks.




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Thank you for your service! What an extraordinary sacrifice to God and Country. On behalf of all Delta pilots, and all men and women everywhere, those serving aboard the International Space Station, service dogs and Navy dolphins, thank you.

 

That right there's funny.

 

First of all, I was hired after all that. Me and about 150 other Northwest new hires were actually punished after the merger with a less DC contribution than 2010 Delta new hires. We weren't ever part of the targeting.

Second, the NWA pilots gave targeting to the junior pilots in order to get them on board to freezing the pensions. Without targeting, the junior pilots had no incentive to not terminate it as their shares were practically worthless. As soon as it was done, the senior pilots started screaming that it wasn't fair at every single union meeting.

Everyone is out for themselves. These pension talks are from guys close to retirement trying to get a money grab on the way out. Call it what it is. A contract as soon as possible is our best solution. Let these guys make as much as possible on the way out.

I got to spend an extra 5 years at the bottom so you guys could fly until age 65. That's sacrifice enough. I'm all for retiree medicals, but anything that is not in my name, I have no interest in. Annuities are a bad deal. If you want one, buy one, but I want the option of taking the money.

Scope is the most important section to me. I wouldn't sell it for anything. TA2 is the only contract I voted yes on up until this point. I voted no to contract 2011 because it allowed more large RJ's. It looked like a scope sell to me.

 

Again.


Money grab.



Wow.

 

I want more money. Who doesn't? I feel like the guys fighting for a DB plan on their way out are trying to money grab. The difference is I want us all to get more money. The guys fighting for a DB don't care if the DB isn't there for guys like me. They'll likely be dead when I retire.

I already said how this plays out. We all lose. I lose by getting a signing bonus instead of full retro and by working without a raise for 5-6 years. You guys lose by getting nothing. Anything more than a year or two past the ammendable date results in a signing bonus instead of full retro. Retired pilots do not get signing bonuses.

 

You are one selfish individual. It warms my heart to know that you feel this way about your fellow pilots.


And 'we' already lost pal (those that lost an earned retirement). You personally have lost absolutely nothing, and will lose nothing going forward no matter how long it takes. Ironically, you will be the ones wanting to drag this out in order to get what you 'deserve', all the while throwing those that had so much taken under the biggest bus you can find.

Curious, why do you think 'we' don't care whether or not you have a DB yet we are willing to fight for YOUR scope?

 

Denny - I understand the idea of "better DB they can't take away". But I'm sure ALPA and the pilot group thought that about the original DB too - that nothing could happen to it. I'm sorry, but I just don't see the benefit of a DB or DB-like plan. I really prefer it in my name, with nothing connected to the company. Sure - right now the company is doing great etc, but what if there is a huge downturn - then the company comes to us and says, "welllll... times are tough. We can either stop your DB contributions or you take a big pay cut." It's just another sword over our head that we have to watch for.

I feel this push for a DB is because some people are close to retirement and want a DB.

Maybe we could plan a DB, but reduce it for the claim money already received (using a 7% average ROR, from 2005 or whenever it was paid to today, because, well that money was for retirement), and reduce it the DC contributions already paid (7% ROR too). Then let the company make up the difference.

 

I'm not dragging anything out. I'm the one who doesn't want to reach for unattainable goals and get a deal ASAP. I want what's best for our pilots and imho, changes to retirement are not.

 

All I can say to that is, you're welcome. You are gonna have a great career, and retirement.