Bump........still waiting for these questions to be answered. Anyone? alfaromeo? Anyone? slowplay? Anyone?

 

I did not work under C2K as I was at NWA. I have to say that this contract puts the pay rates above the NWA pre bk rates (restoration?). With C2K, how much was put in your 401K account by the company, which is your money not matter what the company decides to do?

 

I can't recall the exact percentage, but under the Money Purchase Pension Plan, it was a considerable amount, to offset the company plan.

 

Nice media school reply: don't answer the question asked, but answer another with what you want to say.

I asked about costing, specifically about the productivity concessions. I spoke to a rep who told me the MEC has not seen real costing in years. So again, where is the costing on these concessions? Who directed the MEC to transfer overtime flying from senior to junior pilots?

From slowplay: "If Delta was going to save $1billion in RJ costs and put $1billion in your pocket instead how are you worse off? "

So you are saying DAL is giving us $1B the took from the RJ's? Really?

And more like Bastian was bragging to the investors how this is cost neutral and "institutionalizes" our BK agreement.

 

We really didn't lose this 2 percent. We guaranteed it to be payed out to us. Lets say we have another "Bird Flu" epidemic and the company doesn't make a dime, well guess what, we still get that 2 %. Lets say the company makes the same amount they did 2 years ago which gave us a 6% profit sharing payout, guess what, with these current rates, you are still going to get a bigger check than you did 2 years ago.

You can not say that scope is not an improvement. It really is, it just isn't as big an improvement as I (and most others) would like to see. We gave up those 76 seat jets during bk (actually I didn't get to vote on it because I was on the street looking in, where were you). This actually has hard limits on numbers of aircraft and is for once tied to block hours and not number of airframes. That was the constant complaint from many of us prior, is that the company could have a ton of mainline aircraft on the books (just sitting on various ramps, deserts, etc) but are spares and not actually in full time service yet still be in compliance with the contract.

 

During C2K we had 2 DC plans. The first was a MPPP that was held by the company and invested in our names. The contribution was 5% of pay and it offset the earned benefit of the DB plan upon retirement, non-qualified monies first, then qualified money. It was only in existance from 1996-2004 when it was hard frozen, then it was terminated an distributed to pilots as part of our bankruptcy agreement. Editorial, had this plan been in existance at the start of the DB, or had there been no lump sum provision in our DB we'd probably be participating in an ongoing plan rather than a terminated one...

The second DC plan was our 401K. C2K increased the company contribution from 2% to 3% of eligible salary, but the first (approximate, as it varied by member) $1500 was in company ESOP stock. That stock was valued at $72 per share and just before bankruptcy was converted to common at about 1.7-1. It was sold by the trustee for next to nothing, so all those company contributions were wiped out.

 

I don't understand. What do you mean to offset the company plan? Are you saying that not only did you get a very nice pension, but you also had a large amount put into a DC? That was a sweet deal.

 

Then your rep was misinformed or misheard your question. Detailed costing was briefed to the MEC.

Scambo answers this quite well...

 

Answered yesterday in another thread, and you responded....

 

just curious if other new aircraft have been dangled as a carrot in previous contracts-anybody know? I know they have been used at some regionals for whipsaw purposes.