MEC chairman election
11-11-2022, 06:31 PM
#21
Gets Weekends Off
Joined APC: Dec 2009
Position: Capt
Posts: 2,023
Originally Posted by Gunfighter
I would.hope that's the case. Millions today equals millions and millions in thirty years.
minimum balance favoring just a few is suspect. At the end of the day, the more folks that have close to the same “benefit” should be something all unionist should get behind.
11-11-2022, 07:10 PM
#22
Gets Weekends Off
Joined APC: Sep 2014
Posts: 4,909
Originally Posted by boog123
At the end of the day, the more folks that have close to the same “benefit” should be something all unionist should get behind.
Now, if we start/end or enter/exit at roughly the same time and do the same work…sure - similar benefits are indeed appropriate.
11-11-2022, 07:38 PM
#23
Has a furrowed brow
Joined APC: Dec 2019
Posts: 1,160
All it takes is a black swan for everything to come crashing down. Why would we negotiate a large chunk of cash to guys going out the door under the promise that “you have time to make up for it in your career”?
Hard pass.
Hard pass.
11-11-2022, 07:42 PM
#24
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Joined APC: Dec 2009
Position: Capt
Posts: 2,023
Originally Posted by Wolf424
All it takes is a black swan for everything to come crashing down. Why would we negotiate a large chunk of cash to guys going out the door under the promise that “you have time to make up for it in your career”?
Hard pass.
Hard pass.
balance is another man’s scope. Things change through out one’s career. FYI, the Min balance wouldn’t affect me personally.
11-11-2022, 07:44 PM
#25
Has a furrowed brow
Joined APC: Dec 2019
Posts: 1,160
Originally Posted by boog123
Large chunk? Promise? One’s minimum
balance is another man’s scope. Things change through out one’s career. FYI, the Min balance wouldn’t affect me personally.
balance is another man’s scope. Things change through out one’s career. FYI, the Min balance wouldn’t affect me personally.
False. If we negotiate for it, we therefore spend negotiating capital that could’ve been spent elsewhere. If directly affects you.
11-11-2022, 08:04 PM
#26
Can't abide NAI
Joined APC: Jun 2007
Position: Douglas Aerospace post production Flight Test & Work Around Engineering bulletin dissembler
Posts: 11,989
Originally Posted by sailingfun
When the defined benefit plan was in fact terminated retargeting the DC plan was deemed to unpopular and it went to a flat rate.
The MEC appears out in front of its skis on this.
Last edited by Bucking Bar; 11-11-2022 at 08:27 PM.
11-11-2022, 08:17 PM
#27
Can't abide NAI
Joined APC: Jun 2007
Position: Douglas Aerospace post production Flight Test & Work Around Engineering bulletin dissembler
Posts: 11,989
Originally Posted by boog123
You do know that those hired in the last few years at the same age that when you were hired will have millions more in DC than you will, right? All things being equal and all.
Not sure equality of the RESULTS is possible.
Start us ALL out with a $300,000 day-one contribution would be equal.
That's $4.4 bn. but it isn't "compensation" so the NMB doesn't even consider it real money? Free money because it is a different section of the contract theory? (what one Rep actually told me)
11-11-2022, 08:18 PM
#28
Can't abide NAI
Joined APC: Jun 2007
Position: Douglas Aerospace post production Flight Test & Work Around Engineering bulletin dissembler
Posts: 11,989
Originally Posted by boog123
Large chunk? Promise? One’s minimum
balance is another man’s scope. Things change through out one’s career. FYI, the Min balance wouldn’t affect me personally.
balance is another man’s scope. Things change through out one’s career. FYI, the Min balance wouldn’t affect me personally.
Min bal would not affect me either. We will all benefit from a Market Based Cash Balance Plan to dump excess DC in.
Last edited by Bucking Bar; 11-11-2022 at 08:30 PM.
11-11-2022, 08:34 PM
#29
Gets Weekends Off
Joined APC: Dec 2009
Position: Capt
Posts: 2,023
Originally Posted by Bucking Bar
Correction .... Scope is another man's job.
Min bal would not affect me either. We will all benefit from a Market Based Cash Balance Plan to dump excess DC in.
Min bal would not affect me either. We will all benefit from a Market Based Cash Balance Plan to dump excess DC in.
11-11-2022, 09:26 PM
#30
Gets Weekends Off
Joined APC: Jun 2007
Position: 73N
Posts: 859
Originally Posted by boog123
You do know that those hired in the last few years at the same age that when you were hired will have millions more in DC than you will, right? All things being equal and all.
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