MEC chairman election
11-12-2022, 04:44 AM
#31
Super Moderator
Joined APC: Jul 2006
Posts: 5,558
Originally Posted by Bucking Bar
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
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.
11-12-2022, 05:22 AM
#32
seeing the large hubs...
Joined APC: Oct 2006
Position: 73N A
Posts: 3,706
Originally Posted by ebl14
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.
11-12-2022, 08:48 AM
#33
Gets Weekends Off
Joined APC: Jan 2010
Position: Representing the REAL Delta
Posts: 857
Originally Posted by iaflyer
Exactly.
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.
11-12-2022, 10:25 AM
#34
Gets Weekends Off
Joined APC: Apr 2007
Posts: 4,460
Originally Posted by cornbeef007
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.
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.
11-12-2022, 12:05 PM
#35
Gets Weekends Off
Joined APC: Jul 2022
Posts: 653
Originally Posted by Gunfighter
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.
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.
11-12-2022, 01:13 PM
#38
Can't abide NAI
Joined APC: Jun 2007
Position: Douglas Aerospace post production Flight Test & Work Around Engineering bulletin dissembler
Posts: 11,990
Originally Posted by boog123
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.
11-12-2022, 05:05 PM
#40
seeing the large hubs...
Joined APC: Oct 2006
Position: 73N A
Posts: 3,706
Originally Posted by cornbeef007
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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