View Poll Results: Do you plan to take the VEOP offer?
I'm age 60+, Definitely Yes
6
2.83%
I'm age 60+, Leaning Yes
13
6.13%
I'm age 60+, Leaning No
3
1.42%
I'm age 60+, Definitely No
5
2.36%
I'm age <60, Definitely Yes
5
2.36%
I'm age <60, Leaning Yes
6
2.83%
I'm age <60, Leaning No
6
2.83%
I'm age <60, Definitely No
23
10.85%
Not eligible, but would take it if I were
121
57.08%
Not eligible and would not take it
24
11.32%
Voters: 212. You may not vote on this poll
Better VEOP Poll
06-28-2020, 08:10 AM
#41
Super Moderator
Joined APC: Jul 2006
Posts: 5,555
Originally Posted by Noworkallplay
I don't have a dog in the fight however, whats with the guys/gals not even eligible saying “I would take it if I was in their shoes” or “I bet those not willing to take it are already on my no fly list”. News flash young group. You have no clue the amount of set back the group thats over 62 have taken in their retirements the past 15 years. You have no clue if you would take it unless you are 62+ and have the ability to look at what you have in retirement accounts. I find it pathetic that you would have some on the furlough line degrading anyone not willing to take this huge pay cut called “an early retirement”.
. While there may be some who are giving crap to those who wouldn't take it, I'd venture to guess that most are not in that boat. Just because I say I would take the EO and run, certainly doesn't mean I look poorly on anyone who chose not to take it. I'd take the 150-200k to wake up and run. Then again, at 60 I'll have my part-time O-5 retirement kicking in and I'll have access to Tricare, so that kinda changes things. I'd move to some water and start up my floatplane instruction business. How long is a company allowed to claim a loss until the IRS gets involved? We can all dream.
06-28-2020, 08:26 AM
#42
Gets Weekends Off
Joined APC: Jun 2015
Posts: 4,116
Originally Posted by Buck Rogers
Maybe this will help.
I can work an average of 16 days a month and make $16,000 per month more than taking the ER package. So, the choice is work at a job that is enjoyable for $1,000 day average and delay PBGC for 2 years increasing my PBGC payout by $18,000 per year for every year that I collect. Or retire early and forego that to have more time off. Money and time off are analagous in trying to quantify how much is enough.
Guys that are in furlough jeopardy talk about being a truck driver( maybe $300-$400 a day and not near as enjoyable) or going back into the military full time for maybe about $500 day. Or sim instructor $400 day. So, $$$ wise staying at Delta pays way more than that.
I think younger guys are pretty flippant in their response as to taking the ER if only they were eligible.
I can work an average of 16 days a month and make $16,000 per month more than taking the ER package. So, the choice is work at a job that is enjoyable for $1,000 day average and delay PBGC for 2 years increasing my PBGC payout by $18,000 per year for every year that I collect. Or retire early and forego that to have more time off. Money and time off are analagous in trying to quantify how much is enough.
Guys that are in furlough jeopardy talk about being a truck driver( maybe $300-$400 a day and not near as enjoyable) or going back into the military full time for maybe about $500 day. Or sim instructor $400 day. So, $$$ wise staying at Delta pays way more than that.
I think younger guys are pretty flippant in their response as to taking the ER if only they were eligible.
I doubt this severance package was arrived at without a backdrop understanding of follow on adjustments to the PWA that will reduce monthly compensation.
WAG? ALV maybe as low as 60hrs. And perhaps a 10% reduction in payscale rates.
And if economic conditions deteriorate further.....well we already know how low the bar can go.
06-28-2020, 08:27 AM
#43
Gets Weekends Off
Joined APC: Jul 2007
Position: Left seat of a little plane
Posts: 2,397
Originally Posted by Buck Rogers
I think younger guys are pretty flippant in their response as to taking the ER if only they were eligible.
Nothing is different this time , and now those same "I'd be outta here at 50" guys who are in their mid 50s now (like me!) will almost certainly stay. But the guys claiming they'd leave "if only they could" on the poll can claim some sort of street cred/cool factor by having a dismissive attitude about a job that we mostly like a lot, warts and all.
06-28-2020, 08:29 AM
#44
Gets Weekends Off
Joined APC: Sep 2015
Position: UNA
Posts: 4,419
Originally Posted by Buck Rogers
Maybe this will help.
I can work an average of 16 days a month and make $16,000 per month more than taking the ER package.
I can work an average of 16 days a month and make $16,000 per month more than taking the ER package.
put another way if you are an ER captain you will be working for 60K a year.
06-28-2020, 08:34 AM
#45
Gets Weekends Off
Joined APC: Jun 2015
Posts: 4,116
Originally Posted by Gone Flying
not trying to be rude but can you show your math on this one. assuming A350 pay and the probability of making 75 hrs/month in any category for the foreseeable future I come up with a difference of ~$6,000/month. for ER-A ~$5,000.
put another way if you are an ER captain you will be working for 60K a year.
put another way if you are an ER captain you will be working for 60K a year.
06-28-2020, 08:37 AM
#46
Gets Weekends Off
Joined APC: Mar 2014
Position: Cirrus CA
Posts: 224
Originally Posted by dalad
I just turned 62 and I'm not taking it. The medical insurance for two years only is a deal killer, so is the lack of BK protection. I can sit reserve as a 330A and pretty much not work very much...
So you’ll have to pay 50% of your premium for one year, and that’s the issue (amortize that over the three years you’ll be retired)?
The lack BK protection I can buy, but the medical can’t be the reason you aren’t leaving...
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06-28-2020, 08:43 AM
#47
Gets Weekends Off
Joined APC: Mar 2014
Position: Cirrus CA
Posts: 224
Originally Posted by Gone Flying
not trying to be rude but can you show your math on this one. assuming A350 pay and the probability of making 75 hrs/month in any category for the foreseeable future I come up with a difference of ~$6,000/month. for ER-A ~$5,000.
put another way if you are an ER captain you will be working for 60K a year.
put another way if you are an ER captain you will be working for 60K a year.
I was trying to figure out this math as well.
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06-28-2020, 08:46 AM
#48
Gets Weekends Off
Joined APC: Sep 2015
Position: UNA
Posts: 4,419
Originally Posted by dalad
I just turned 62 and I'm not taking it. The medical insurance for two years only is a deal killer, so is the lack of BK protection. I can sit reserve as a 330A and pretty much not work very much...
on a related note will people who take this EO have to pay the current (active) premiums or will DL pay 100% ? I read it as the latter.
06-28-2020, 08:55 AM
#49
Gets Weekends Off
Joined APC: Sep 2011
Posts: 4,191
Originally Posted by Gone Flying
on a related note will people who take this EO have to pay the current (active) premiums or will DL pay 100% ? I read it as the latter.
Also if < 63, between 24 months and 65, Delta already will pay 50% of the premium. They currently pay 75% for active.
#240
06-28-2020, 08:57 AM
#50
Gets Weekends Off
Thread Starter
Joined APC: Mar 2013
Position: Doggie Style
Posts: 586
Originally Posted by Herkflyr
That's hilarious. They don't mean it, not for one second. The exact same thing was said by 40 year olds in 2005, when we had the run on early retirements. I remember hearing "I don't know what these guys are thinking. If I was 50 years old and a day I'd be gone." I thought that was BS, It was about one thing only, the hope to move up the seniority list quicker than otherwise, and a sort of subtle implication to the senior guys that they should leave, if only they could "see the light."
Nothing is different this time , and now those same "I'd be outta here at 50" guys who are in their mid 50s now (like me!) will almost certainly stay. But the guys claiming they'd leave "if only they could" on the poll can claim some sort of street cred/cool factor by having a dismissive attitude about a job that we mostly like a lot, warts and all.
Nothing is different this time , and now those same "I'd be outta here at 50" guys who are in their mid 50s now (like me!) will almost certainly stay. But the guys claiming they'd leave "if only they could" on the poll can claim some sort of street cred/cool factor by having a dismissive attitude about a job that we mostly like a lot, warts and all.
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