LOA 20-04 MEC approves counter
10-30-2020, 10:04 AM
#311
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Joined APC: Sep 2008
Position: Kickin’ Back
Posts: 6,971
Originally Posted by tunes
Yes it does still need approval. The thought is that it's a very easy approval with a joint application. Reason being it's money already accounted for with DPSP cash, and not new money. There's always the chance it doesn't get approved but the lawyers say this one should be approved. I wouldn't necessarily say it applies to significantly fewer pilots now either.
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I didn’t hear if the vote to delay this until Jan 2021 passed or not.......
Denny
10-30-2020, 10:07 AM
#312
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Joined APC: Sep 2015
Position: UNA
Posts: 4,419
Originally Posted by hockeypilot44
They aren't giving more retirement money. They are giving a tax free vehicle to put your 16 percent DC contribution into after you've hit the $57,000 max. As of now, once you hit the max, you get the money as straight cash in your pay check. It's heavily taxed.
As a narrowbody fo, I'm at limit this year already. Last year, I had 2 paychecks at limit. Going forward, probably won't hit limit anymore as it keeps raising and profit sharing loss will be hard to overcome.
As a narrowbody fo, I'm at limit this year already. Last year, I had 2 paychecks at limit. Going forward, probably won't hit limit anymore as it keeps raising and profit sharing loss will be hard to overcome.
10-30-2020, 10:20 AM
#313
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Joined APC: Jun 2015
Position: 320/A
Posts: 875
Originally Posted by notEnuf
WB pilots were planning on min line value or reserve guarantee already. Several were interested in 55 hour SILs, in this climate I'm good with it.
10-30-2020, 10:25 AM
#315
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Position: stake holder ir.delta.com
Posts: 10,034
Originally Posted by zippinbye
Are they indeed? Not me. Nobody I work with seems to have that mindset. I’ve worked with probably 70 different WB pilots since the pandemic onset. The majority seem to be playing PCS to attain some degree of normalcy. Sure, there’s a good number satisfied to not fly and take some time off. But that comes at a cost. I think your statement might be as accurate as the current political polling we see every day.
10-30-2020, 10:29 AM
#316
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Joined APC: Nov 2011
Posts: 4,504
Originally Posted by Gone Flying
As a UNA I agree. This might even be better than the no furlough deal itself. Thank you for your support of our group.
to me this seems like a solid win for our group even if furloughs were not in question
im curious if the company wanted the MCBP instead of something cheaper like better deadhead rules. I know deadheading us in anything but coach has been something they want to avoid but it seems like an cheaper alternative to more retirement $$
to me this seems like a solid win for our group even if furloughs were not in question
im curious if the company wanted the MCBP instead of something cheaper like better deadhead rules. I know deadheading us in anything but coach has been something they want to avoid but it seems like an cheaper alternative to more retirement $$
10-30-2020, 10:30 AM
#317
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Joined APC: Mar 2015
Position: stake holder ir.delta.com
Posts: 10,034
Originally Posted by J Fish
Am I to assume that reserve will still be paid at ALV - 2? Will it now be a 70 hour min? If so, reserve pilots will be paying a large portion of this proposal.
10-30-2020, 10:33 AM
#318
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Joined APC: Sep 2015
Position: UNA
Posts: 4,419
Originally Posted by tunes
the MBCBP, if implemented, is a true win-win. It actually saves the company money.
10-30-2020, 10:40 AM
#319
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Joined APC: Nov 2011
Posts: 4,504
Originally Posted by Gone Flying
I gotcha. I wonder if this would be optional? Would I be able to take cash on top or will this be the only place cash on top goes?
Originally Posted by Gone Flying
Works for me. I guess I assumed it would have come with its own $$$. Any idea if this will be optional vs just taking cash on top?
Originally Posted by Banzai
This is as close to a homerun as anyone gets in this environment.
The permanent TLV reduction has long been my favorite option, and I can’t believe we actually got it.
The permanent TLV reduction has long been my favorite option, and I can’t believe we actually got it.
10-30-2020, 10:47 AM
#320
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Joined APC: Sep 2015
Position: UNA
Posts: 4,419
Originally Posted by tunes
The plan is for it to be optional. That way you could opt to take your DPSP cash, or put it in the MBCBP.
Originally Posted by tunes
I wouldn't say it's a home run....In my opinion it's a stand up double. I'd argue though it's the best deal of any of the airlines so far. The TLV was a big win for sure. It's pretty rare for us to get something that requires more pilots.
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