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Airline Pilot Central Forums (https://www.airlinepilotforums.com/)
-   Delta (https://www.airlinepilotforums.com/delta/)
-   -   Early Retirement? (https://www.airlinepilotforums.com/delta/128121-early-retirement.html)

BobZ 03-15-2020 03:57 PM
Originally Posted by Hank Kingsley (Post 2999429)
Vanguard's 2020 target plan, retire now is about 50/50 equities and bonds. 2025, 60/40. So being near retirement with 40% equities is not haphazard.

That being said, senior guys are down 300 to 500k in a week
Except the ones that didnt have 300-500k to begin with😅

Hank Kingsley 03-15-2020 04:29 PM
Originally Posted by BobZ (Post 2999470)
Except the ones that didnt have 300-500k to begin with😅
Yeah, that was a stupid post. Lots of delta people are hurting more than me, sorry.

Shakinthefat 03-16-2020 09:54 AM
Question was asked today to ATL CPO during impromptu question and answer about early retirement. He said everything is being looked at right now, nothing is off the table.

badflaps 03-16-2020 10:58 AM
Originally Posted by Shakinthefat (Post 3000330)
Question was asked today to ATL CPO during impromptu question and answer about early retirement. He said everything is being looked at right now, nothing is off the table.
From experience, please read that as; How bad can we hammer the pilots. The sad thing is they dump on the CPO's after the dirty work is done, Nothing new here.

Jay1122 03-16-2020 11:15 AM
Originally Posted by Hank Kingsley (Post 2999429)
Vanguard's 2020 target plan, retire now is about 50/50 equities and bonds. 2025, 60/40. So being near retirement with 40% equities is not haphazard.

That being said, senior guys are down 300 to 500k in a week
Longer discussion than I have time for, but being at retirement with 50% or even 40% in equities is beyond idiotic.

Hank Kingsley 03-16-2020 11:38 AM
Originally Posted by Jay1122 (Post 3000421)
Longer discussion than I have time for, but being at retirement with 50% or even 40% in equities is beyond idiotic.
You need to write a book. 100 minus your age was the old gouge. Some are saying 120 minus your age. That idea can be found in many references. So I respectfully disagree and so do many others

BobZ 03-16-2020 11:40 AM
Im glad im broke. I couldnt take that kind of stress.

bigdaddie 03-16-2020 12:43 PM
Originally Posted by BlueSkies (Post 2998440)
Wait, what? Can you give more details on this? (Not doubting, just never heard anything about this before)

How did that even make sense, aren't senior guys way more expensive than junior guys?
It's one of the LOLs in the bankruptcy era. The were referred to as PRPs (post retirement pilots). The basically came back at the bottom of the seniority list but in their seat/equip at retirement. The argument was to save training costs.

Herkflyr 03-18-2020 03:16 AM
Originally Posted by bigdaddie (Post 3000505)
It's one of the LOLs in the bankruptcy era. The were referred to as PRPs (post retirement pilots). The basically came back at the bottom of the seniority list but in their seat/equip at retirement. The argument was to save training costs.
No the argument wasn't to "save training costs." It was to prevent entire categories from shutting down due to no qualified captains available and no LCAs available to train their replacements (they had all taken early retirement en masse). Necessary evil that was very limited in time and scope. See my earlier posts on this.

sailingfun 03-18-2020 03:30 AM
Originally Posted by Herkflyr (Post 3002286)
No the argument wasn't to "save training costs." It was to prevent entire categories from shutting down due to no qualified captains available and no LCAs available to train their replacements (they had all taken early retirement en masse). Necessary evil that was very limited in time and scope. See my earlier posts on this.
Some will never get it. The FAA made things even worse by limiting the number of new LCA’s they would qual each month.


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