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Originally Posted by Bucking Bar
(Post 3530444)
We will all benefit from a Market Based Cash Balance Plan to dump excess DC in.
As long as the "dump excess DC" is an optional thing, then sure, let's explore it.
Originally Posted by ebl14
(Post 3530458)
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.
The interesting thing about the "equal outcome" crowd, is that their holy grail of the FAE pension wasn't an equal out come either. |
Originally Posted by ebl14
(Post 3530458)
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.
https://www.thesmartset.com/wp-conte...7/11/giphy.gif |
Originally Posted by iaflyer
(Post 3530524)
I wasn’t offered THAT retirement plan, which is OK. However, if they chose not to take it, that is on them. I was neutral to the minimum balance plan previous to COVID. At this point, I’m a hard no if the NC gets a substantial balance into the coming TA. I liked everything else Ryan A had to say. |
Originally Posted by cornbeef007
(Post 3530614)
You know what the dead zone pilots were given a few years ago? A winning lottery ticket, which was the early retirement plan.
I wasn’t offered THAT retirement plan, which is OK. However, if they chose not to take it, that is on them. I was neutral to the minimum balance plan previous to COVID. At this point, I’m a hard no if the NC gets a substantial balance into the coming TA. I liked everything else Ryan A had to say. The biggest winners were the guys with the stones to bail out, then come back as an RJ pilot. They are getting VEOP pay + regional pay above Delta rates. I'm with you as a hard NO on the Min Balance plan. It is a cash grab, plain and simple. |
Originally Posted by Gunfighter
(Post 3530665)
Are you talking about VEOP? We were all offered that plan.
The biggest winners were the guys with the stones to bail out, then come back as an RJ pilot. They are getting VEOP pay + regional pay above Delta rates. I'm with you as a hard NO on the Min Balance plan. It is a cash grab, plain and simple. |
Originally Posted by Gunfighter
(Post 3530665)
I'm with you as a hard NO on the Min Balance plan. It is a cash grab, plain and simple. The excess has been a lot of money every year for me. I do not want it touched. |
Originally Posted by DisMyGamerTag
(Post 3530704)
Agree.
The excess has been a lot of money every year for me. I do not want it touched. |
Originally Posted by boog123
(Post 3530452)
PSST, there could be both.
Do we maintain individual ownership and control? Is this a group plan, not optional, where our younger pilots have no choice? If so, the difference for an about to retire pilot who just gets $$ to add to their personal nut pile is a lot different than a new hire who has to give the fruits of their labor to a community food bank. |
I wasn’t offered VEOP
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Originally Posted by cornbeef007
(Post 3530614)
You know what the dead zone pilots were given a few years ago? A winning lottery ticket, which was the early retirement plan.
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