Section 6 thoughts
10-30-2019, 12:15 PM
#181
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Joined APC: Oct 2014
Posts: 896
Originally Posted by Buck Rogers
But, actually, it is a hit to those already maxing out the DC contribution because they WILL NOT receive PS on the DC excess.
So good deal for the more junior pilots...bad deal for the more senior when compared to straight line pay increases
So good deal for the more junior pilots...bad deal for the more senior when compared to straight line pay increases
It’s only a hit if you are comparing a DC increase vs a pay rate increase. When you are comparing a DC increase to some yet to be determined “modern pension” with low returns and high fees, ill take the dc increase any day.
And besides, the pay rates should be determined by rate comparisons to American/UAL, there’s no need to wrap them up with our retirement.
10-30-2019, 12:34 PM
#182
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Joined APC: May 2008
Position: VEOP Retired! 7ER A was last position
Posts: 978
Originally Posted by deltabound
My thoughts:
No. (appreciate your attempt to split the difference, however)
I don't much care what's in the next contract, but I'll vote "No" on any contract that stipulates retirement money that isn't directly and immediately put under my name, and my personal control.
No. (appreciate your attempt to split the difference, however)
I don't much care what's in the next contract, but I'll vote "No" on any contract that stipulates retirement money that isn't directly and immediately put under my name, and my personal control.
Hasn't FedEx been working on a hybrid plan?
10-30-2019, 01:39 PM
#183
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Joined APC: Sep 2011
Posts: 4,370
Originally Posted by Buck Rogers
Hmmm....if my straight line pay rate is $200/hr...and I pick up a 2 day trip worth 10 hours....did I make $2000 more....or did I make $2000x1.16(DC) or $2320 more......or did I make $2000(1.16)(1.16)....which is the extra DC AND PS for a total of $2691 more?
And to answer you question....yes, I think to a degree they did include DB "funding"....that is why pilots tried to bump up their top 3 years prior to retiring
Personally, when I look at picking up any extra flying I use the top end number because that is how much my net worth increased
And to answer you question....yes, I think to a degree they did include DB "funding"....that is why pilots tried to bump up their top 3 years prior to retiring
Personally, when I look at picking up any extra flying I use the top end number because that is how much my net worth increased
10-30-2019, 04:46 PM
#184
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Joined APC: Nov 2011
Posts: 4,513
Originally Posted by Kjazz130
The purpose of increasing the DC contribution is to max out at date of hire. The value of the money in the account earlier is important. And I think far fewer are maxing out at year 3 then you think. I’m at year 4 and I’m not. I have two kids getting ready to go to college so I have other expenses that keep me from maxing out. So I would appreciate an increase and I’m sure there are others that would as well. Also, if everyone’s 401k is increased maybe people would retire earlier. I think your suggestion of HSA maxing is awesome and retiree medical is a must. If you combine those with the DC increase I think you get pretty close to fixing retirement.
10-31-2019, 06:52 PM
#185
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Joined APC: Oct 2013
Position: 7ERA
Posts: 939
Originally Posted by DWC CAP10 USAF
Did you mean solve the retirement "problem"?
And by problem I assume you mean the that senior dudes/dudettes need to be made whole, but if big D threw $3-5M to each senior pilot, then the top couple of thousand pilots would retire ASAP, thereby leaving Delta with a manning/training problem?
And by problem I assume you mean the that senior dudes/dudettes need to be made whole, but if big D threw $3-5M to each senior pilot, then the top couple of thousand pilots would retire ASAP, thereby leaving Delta with a manning/training problem?
10-31-2019, 07:16 PM
#186
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Joined APC: Dec 2012
Position: Supreme Allied Commander
Posts: 1,059
Originally Posted by Hillbilly
I get what you're saying, but I think the mass exodus issue could readily be resolved by attaching a quid to the money. You have to stay till 65 to get it. Retire early, no soup (or less soup) for you.
11-01-2019, 05:26 AM
#187
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Joined APC: Feb 2008
Posts: 19,343
Originally Posted by bugman61
It’s only a hit if you are comparing a DC increase vs a pay rate increase. When you are comparing a DC increase to some yet to be determined “modern pension” with low returns and high fees, ill take the dc increase any day.
And besides, the pay rates should be determined by rate comparisons to American/UAL, there’s no need to wrap them up with our retirement.
And besides, the pay rates should be determined by rate comparisons to American/UAL, there’s no need to wrap them up with our retirement.
11-02-2019, 05:26 PM
#189
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Joined APC: Jul 2014
Position: MD88
Posts: 1,365
Sick time was mentioned in the AE thread, but thought I would throw this out here. Why doesn’t the company budget to pay all sick time? Even if they need to restructure the hours per years of service, at the end of the sick year they should cut each of us a check for any unused sick time. The ‘it incentivizes folks to fly sick’ argument is just BS in my opinion. Opinions being what they are....
11-02-2019, 05:33 PM
#190
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Joined APC: Sep 2016
Posts: 6,716
Originally Posted by Abouttime2fish
Sick time was mentioned in the AE thread, but thought I would throw this out here. Why doesn’t the company budget to pay all sick time? Even if they need to restructure the hours per years of service, at the end of the sick year they should cut each of us a check for any unused sick time. The ‘it incentivizes folks to fly sick’ argument is just BS in my opinion. Opinions being what they are....
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