MEC chairman election

Reply Subscribe

Page 3 of 23

Last »

Thread Tools

Search this Thread

11-11-2022 | 06:31 PM

#21

boog123

Gets Weekends Off

Joined: Dec 2009

Posts: 2,058

Likes: 2

From: Capt

Quote:

Originally Posted by Gunfighter

I would.hope that's the case. Millions today equals millions and millions in thirty years.

So his angst with some
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

TED74

Gets Weekends Off

Joined: Sep 2014

Posts: 5,128

Likes: 91

Quote:

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.

I’ve never looked at it like that. I don’t think my career will or necessarily should look like someone’s whose started or ended ten years before or after me. That isn’t really how any part of life works - real estate, schooling, athletics, parenting, investments. Problems aren’t resolved but rather accumulate when people assume or demand uniformity over time where it isn’t likely, possible or appropriate.

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

Wolf424

Has a furrowed brow

Joined: Dec 2019

Posts: 1,424

Likes: 210

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.

11-11-2022 | 07:42 PM

#24

boog123

Gets Weekends Off

Joined: Dec 2009

Posts: 2,058

Likes: 2

From: Capt

Quote:

Originally Posted by Wolf424

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.

11-11-2022 | 07:44 PM

#25

Wolf424

Has a furrowed brow

Joined: Dec 2019

Posts: 1,424

Likes: 210

Quote:

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.

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

Bucking Bar

Can't abide NAI

Joined: Jun 2007

Posts: 12,078

Likes: 15

From: Douglas Aerospace post production Flight Test & Work Around Engineering bulletin dissembler

Quote:

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.

Remains unpopular.

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

Bucking Bar

Can't abide NAI

Joined: Jun 2007

Posts: 12,078

Likes: 15

From: Douglas Aerospace post production Flight Test & Work Around Engineering bulletin dissembler

Quote:

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.

Yep

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

Bucking Bar

Can't abide NAI

Joined: Jun 2007

Posts: 12,078

Likes: 15

From: Douglas Aerospace post production Flight Test & Work Around Engineering bulletin dissembler

Quote:

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.

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.

Last edited by Bucking Bar; 11-11-2022 at 08:30 PM.

11-11-2022 | 08:34 PM

#29

boog123

Gets Weekends Off

Joined: Dec 2009

Posts: 2,058

Likes: 2

From: Capt

Quote:

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.

PSST, there could be both.

11-11-2022 | 09:26 PM

#30

ebl14

Line Holder

Joined: Jun 2007

Posts: 928

Likes: 68

From: 73N

Quote:

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.

Equal outcome, hard pass. Equal DC contribution, win. There is no way to predict the future. You cannot guarantee a junior pilot hired in the last few years will have millions. You were lied to, don’t you think we can be lied to as well? I think we are all learning from the mistakes of the past (pensions). I’d take a % to the retirement fund over a promise in 30 years any day, we see how it worked out for you guys. But to ask for a min balance on the backs of the rest of us, no way. If there is a min balance it should be for every pilot on property effective immediately.