Gone Flying

hopefully people factor this in. 2 years of 0 premiums offsets 1-2 years of 2X premiums

Buck Rogers

As with every system(generally)...some are content to be on welfare, some are satisfied with average and some find ways to "capitalize" to maximize(or maybe it's maximize to capitalize) True maximization involves QOL and pay and there is an appropriate "Laffer curve". Defining it is up to the individual.

In these austere past 4 months, I have averaged 105 hrs/month. Worked 3 total days, no GS., no sick leave. With swap with the pot/icrew swap board it is still possible to blow way through ALV + 15. I predicated my #'s on top pay rate plus DC and 90 hrs/month.

Some will choose to maximize....others are content with the minimum. Last year my avg days worked was 16 (no GS) and my avg hours per month greatly exceeded 90 hr. (Actually, that's true for every year over the past 10 multiple bases and equipment) Life is about choices. Some things are unattainable, others are doable if one chooses to.

Personally, I advocated for a comprehensive plan that reigned in the swap with pot/ icrew swap board, an ALV reduction and a MOAD adjustment in return for a FPL, and mitigation of the backward movement on the MOAD, The adjustments would combine to "economically force" more takers of the ER package. The synergy would attemt to spread the misery. By not doing it comprehensively, the results will not be maximized IMO.

Also, as I have posted, we are a seniority based system. Any "gives" will be the will of the constituants(memrat). Every month that goes by, more training is accomplished making it tougher to undo the MOAD and UNA.


OBTW....even using your numbers, you are off by 50%. The ER is based on 50 hrs with a DC as opposed to res guarantee of 72 hrs with DC( the 58 hours in the "package has no DC). So 22 hours more minimum at roughly $410 hour is $9,000 month more minimum.

Gone Flying

not terribly familiar with how to work the system like you described, I am still new and assumed almost everyone right now was stuck around 72-75 hours. yep did not factor in 401K into the numbers but figured frozen pensions and PBGC would offset the 401K (plus the small $ saved by having premium free healthcare). If you personally could do 16k/ month more by staying go for it and I would probably stay too. I was working on the assumption over the next few years we would see lines constructed to ALV/TLV floors with not much room to add.

Buck Rogers

Also remember, as a South guy, for me, every year I defer my PGGC the payout goes up about $10,000 year. Consequently, I would like to defer for some(×××) years to be determined once somebody can tell me how old I will be when I die. SS is the same conundrum. One way to do that is by continuing to work.

BTW....I have not made up my mind one way or the other. But, hopefully, you now see that the choice is not an easy binary one. Looking at the poll results, I have a feeling that newer pilots are not intimately aware of the nuances of the ER just as I am unaware of the minutia of UNA. We usually know what we need to know to make rational decisions.

MOTOJOE

Most of theses scenarios posted are assuming your south. As a senior north I get a substantial pay raise with 58hrs and pension started immediately. But I fly around 72 hour month average

BobZ

Considering what happens in the event your plan was terminated and handed to the pbgc might be worth calculating.

IOW.....your pension payout is never going to be more than it is right now. And if the plan is handed over to the pbgc it could/would be less.

a bird in the hand.

crewdawg

Eh, it's all anonymous, so no street cred and you have no idea what others situations are. To dismiss them as liars based on previous experience is disingenuous at best.

If anything the last few months have shown me/reiterated the following;

- Having a normal sleep pattern and being home every night is ridiculously amazing.
- I love NOT going to work.
- I don't need to go to work to feel fulfilled in life.
- Building up another revenue stream was wise.
- Not living up to even the the lower end of the LCW makes times like this less stressful.
- Life is way more comfortable with your house/toys all paid off.
- Staying 20 for my part-timer retirement/Tricare was a smart move.

I'm not in fear of losing a Captain seat (or furlough really) and I'm already set to be displaced to 717B, which I'm actually looking forward to having some seniority. I really couldn't care less if 0 guys take it or not, I just know what I would do if I were given the choice. If I were 57 (when I can start drawing my mil pension), I'd surely be leaning towards taking this option. I would never look poorly on anyone who chooses not to take the EOP.

Gone Flying

that's a fair point on PBGC & SS. I think there are certain groups where this should be a slam dunk and others where there are pros and cons to both options. hopefully this gives people another option to choose from to decide what is best for them and their families.

m3113n1a1

Probably should have made just one option "Not Eligible" so then the old guys wouldn't get all triggered and offended by young guys saying they'd take an early out.

Buck Rogers

Do you think you are helping ? So why purposely antagonise?
Seriously, can you explain why you think divisiveness helps anybody in these tumultuous times?