Originally Posted by Crown

this has been my argument against a Min Balance plan since the get-go. Why should I, me, not be able to take MY money and invest it where I want? What if I want to use that money to prop up a friend's small business? What if I want to use the excess to support my parents? What if I want to take it to Vegas and put it on black? That should be my choice and my choice alone. Not the choice of DZers who will apparently never have enough money.

Originally Posted by Trip7

Now on to Min Balance.....this will be short and sweet.... the new Generation of Delta Pilots far out number the old. Gotta do what's best for the majority. Our Min Balance ask will likely be dropped. Peace Up, A town Down

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Originally Posted by NavyFlyer

He won’t tell us anything. He won’t tel us about his $4 mil in retirement accounts and his 2 houses, 4 cars and new ski boat.

Rough life he leads. He needs you to plus him up… to make him “whole!”


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Originally Posted by Delta Echo

Hi guys, i like your post's here, there's lot of info for pilots... Sorry if i 'm on wrong place but i hope someone can give me any info ... Well, it's about conversion from ICAO to EASA licence ,does any of you know some process of conversion? I'm trying to find something cause of my move from South Africa Johannesburg ... Thank you in advance!
Happy & safe flights!

Originally Posted by boog123

I have no idea how someone with your high aptitude has the reputation you do, just completely shocked. Min balance won’t affect me but I’m willing to look at it. Not everyone has the same hiring story. Took some many years to be hired. Lots of 121 PIC time/ Mil time. Worth a look. Don’t be so selfish.

Your tune was a bit different when you were worried about losing that A seat a couple years ago. Funny how that works.

Originally Posted by DWC CAP10 USAF

Definitely in the wrong spot since this thread is about changes to Delta’s retirement options.

We also use FAA license, not EASA.

ICAO to EASA: https://www.aeropole.fi/items/licenc...sion-training/

Best of luck to you.

Originally Posted by Bucking Bar

Another way to explain this is:
Day one Min Balance in a MBCBP, $300,000
Day two, someone retires with $300,000 having contributed nothing - company pays all
15th of the month, after 401K is full, pilots' excess is routed into the MBCBP
Pilot retires the second year after the contract - they get $300,000 but $290,000 was funded by the company and $10,000 funded by the pilot's excess which is routed into the MBCBP
Pilot retires seven years from now. They get the $300,000 but it has been completely funded by their own excess, and so on, company contributes $0.

Easy to explain with a chart, but basically pilots retiring soonest gain the greatest benefit since they had no time to contribute their excess. In other words, they've been enjoying eating their cake and will get a cake too. Those who retire later get to bake their own cake and take it with them.

I would prefer not to ascribe motives to what the MEC is trying to do here. Obviously, the Min Balance only benefits those soon to retire. Any idea that junior pilots are "selfish" for not wanting to divert half a billion $ or so misses the mark. Any notion that senior pilots are "greedy" for wanting the security of more $ for an uncertain retirement also misses the mark. Assume everyone has unlimited greed. Also assume everyone is the head of a household with a family to support and nobody knows what this industry or the equities market (in whatever you invest in) is going to do.

It is beyond silly that some senior pilots are on here stating they negotiated DC for junior pilots, ha! They negotiated DC because it benefitted all pilots equally and at that time they were mid-seniority and mid-career, when EQUAL across the board seemed like a good idea.

My forecast is that After Thanksgiving when the decision makers are at the table the Negotiators will be given a bag of cash & the problem of how to allocate that cash across pay rates and min balance. They will take that problem to the MEC and get direction. The MEC will demand both. To get a deal done the thing will have to be allocated.

The company has no specific objection to a min balance, in fact, they likely don't care. They'll pull it from pay and let the MEC Reps fight it out.

Pay rates are better for the industry and for future pattern bargaining, JMHO.