Senators introduce Age 67 Legislation
03-29-2023, 01:10 PM
#291
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Originally Posted by Giordano Bruno
If I refinance my hair restoration loan, and the monthly payment is unchanged but I add 2 years to the payoff, can I say my costs remain the same?
03-29-2023, 01:13 PM
#292
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Originally Posted by formerdal
I get it, justify it however you want. You said it would be a massive costing increase. That is just not the case but the dramatic effect is impressive, kudos!
03-29-2023, 01:22 PM
#293
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Originally Posted by Bucking Bar
Anecdotally, back when Second Officers were a thing, some Captains I knew at FedEx bid back. They flew around half their trips, maybe less. One just hung on for the Christmas Season, flew the overtime trips, and banged out of most everything else the rest of the year. (He was just hanging around to gain health care coverage for an ailing wife, which was admirable)
Pilots being pilots, most double down bid and then went out immediately on a medical.
03-29-2023, 01:59 PM
#294
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Posts: 425
Originally Posted by Hubcapped
How would it not be a cost increase? At face value this does not seem the case. Ty
03-29-2023, 02:03 PM
#295
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Originally Posted by Giordano Bruno
If A4A was on board with this change, they would have been far more vocal by now. Especially given that they could create some serious unity-busting dynamics in the middle of contract negotiations for the Big 3 by making it an issue.
They realize how much it's going to cost to train Age 65+ on the way down from WB seats...and younger pilots up to WB seats. That's a huge training bill, an massively inefficient. It would do the opposite of what the Age 67 proponents claim in this regard.
And let's be honest. If there had been a minimum balance negotiated for old guys in this contract, they'd still be whining about not getting enough, and pushing for Age 67. And if they ever got Age 67, they would immediately work to get Age 70. No thanks.
They realize how much it's going to cost to train Age 65+ on the way down from WB seats...and younger pilots up to WB seats. That's a huge training bill, an massively inefficient. It would do the opposite of what the Age 67 proponents claim in this regard.
And let's be honest. If there had been a minimum balance negotiated for old guys in this contract, they'd still be whining about not getting enough, and pushing for Age 67. And if they ever got Age 67, they would immediately work to get Age 70. No thanks.
Call me crazy.
03-29-2023, 03:07 PM
#296
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Originally Posted by formerdal
Semantics...There are about 360 pilots on disability equaling about 180 full time pilot costs. They each come off disability at different times based on their ages so its a trickle and not all at once. That's about 1.2% of pilot payroll but it is not payed out of payroll it is payed out of the Pilots Disability trust. To state that this is going going to be some massive cost increase is disingenuous, costs will continue where they would have decreased somewhat but that is the extent of the financial impact re: disability pilots getting 2 more years.
EDIT: I think “massive” depends on your definition of massive but it will surely be a significant increase.
03-29-2023, 03:29 PM
#297
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Originally Posted by formerdal
Semantics...There are about 360 pilots on disability equaling about 180 full time pilot costs. They each come off disability at different times based on their ages so its a trickle and not all at once. That's about 1.2% of pilot payroll but it is not payed out of payroll it is payed out of the Pilots Disability trust. To state that this is going going to be some massive cost increase is disingenuous, costs will continue where they would have decreased somewhat but that is the extent of the financial impact re: disability pilots getting 2 more years.
It’s also not a 2 to 1 correction for cost to disability. The company still has the fringe expense of 32% dc and medical benefits. Additionally because of how fae works, many if not most pilots are able to get an LTD benefit that is actually more than 50% of what they were routinely performing by having a string of good months. The relative expense of a pilot does decrease over time as we receive raises and they do not.
In any case it is a significant expense. And not one that this company is likely to want to incur with this wave of retirements when they currently have no hiring issues.
03-29-2023, 04:29 PM
#298
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Originally Posted by bugman61
many if not most pilots are able to get an LTD benefit that is actually more than 50% of what they were routinely performing by having a string of good months..
03-29-2023, 04:44 PM
#299
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Originally Posted by formerdal
Semantics...There are about 360 pilots on disability equaling about 180 full time pilot costs. They each come off disability at different times based on their ages so its a trickle and not all at once. That's about 1.2% of pilot payroll but it is not payed out of payroll it is payed out of the Pilots Disability trust. To state that this is going going to be some massive cost increase is disingenuous, costs will continue where they would have decreased somewhat but that is the extent of the financial impact re: disability pilots getting 2 more years.
03-29-2023, 04:51 PM
#300
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Originally Posted by sailingfun
Last time I looked there were about 800 pilots on disability.
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