Originally Posted by NavyFlyer (Post 3533582)

You get it.

This is why I like my excess coming to me and not the MBCP. I invest it in my own brokerage account.

So that I can live off that $$$ and work less for DL until I start drawing from my 401k at 59.5 yo.


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Originally Posted by bugman61 (Post 3533540)

Or if you make more that $330,000. Which many people do today, and even more will do under a hypothetical new contract that will have significant raises.

Originally Posted by Bucking Bar (Post 3530199)

One of those running for MEC Chairman wrote



Can we talk about this?

63% of the pilots at Delta have been hired post-bankruptcy. The vast majority never saw a claim, PBGC, or stock. It is unlikely they'll will get an additional five years at the top of the seniority list either. We are talking millions of dollars all in. It has been 15 years since bankruptcy and since then ALL Delta pilots have had the same opportunities to save (401K, roth, etc).

It does suck that all across the industry (and most of the professional world) companies moved away from Defined Benefit Pension Plans. It happened. It also sucks that there was 9/11, bankruptcies, age 65, mergers and mainline pilots who permitted outsourcing. Every pilot everywhere has something in their career that could have gone better.

It is understood we made a $300,000 demand, paid out on day one to retiring pilots (it would really suck to have to retire one month before the implementation date). For those preferred Delta pilots, they just get $300,000. A very special contract for them. For the rest of us we slowly fill up a Minimum Balance with our DPSP excess cash (we get to fund ours ourselves)

In the past we have tried to negotiate provisions that benefit ALL Delta pilots EQUALLY. I do not understand the political support for the special deal for preferred Delta pilots. It isn't free money. This is a shift from junior pilots to senior pilots.

Please explain it to me so that I'm not just a *NO* vote on the unfairness of it. If the majority of pilots want this I will go along, but it seems like those who got the most get more and those who got stuck at the back of the line get to continue saving their money like they always have.

We Do need a place for excess DPSP cash. All for that. Trying to wrap my head around a few pilots getting $300,000 that the very vast majority of pilots will not benefit from. Help me out here.

Originally Posted by notEnuf (Post 3533592)

Yes, which is why I gave the $400K example previously and noted the annual increases. $330K applies to 2023, it will increase every year.

Originally Posted by bugman61 (Post 3533606)

Once again, you miss the point. You have said several times that pilots can avoid overages by not contributing. And you ignore the fact that many of our pilots are unable to avoid overages because they exceed the compensation limit.

Originally Posted by JamesBond (Post 3533596)

This left out the 'get out of my seat' at the end.

Originally Posted by notEnuf (Post 3533617)

I never said that. What I said was if you make 330K or less the point is moo. Yes, you can avoid overages is you don’t earn more than $330K.

Originally Posted by bugman61 (Post 3533628)

Cool. So in other words, a significant portion of our pilot group is unable to avoid overages. Overages that would be forcibly confiscated by a mandatory MBCBP.

Originally Posted by JamesBond (Post 3533637)

MBCBP will be voluntary. My problem with it is that ALPA says you have to opt in or out with the contract cycle. I call BS on that.

Originally Posted by JamesBond (Post 3533637)

MBCBP will be voluntary. My problem with it is that ALPA says you have to opt in or out with the contract cycle. I call BS on that.