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I'm not sure how we'd be violating Pinnacle's scope language since it is our flying to begin with. If anything, we're getting it back, albeit in a round about perverse way. Sad that the mainline plane is rescuing the operation from the RJs. If only you could turn back time..........................
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What Reroute, Sailing and Stagger didn't mention is that there was no distinction in either of the ALPA distribution methodologies for a pilot's PC status within the PBGC guidelines. That is: If you were 53 or older on the date of pension plan termination you are a PC-3 pilot. If you weren't 53, you are PC-4.
PC-4 pilots will only get the PBGC minimum unless (and it's chance is virtually zero) there is any money left over after all the PC-3 pilots get 100% of their benefit. There is a HUGE difference in retirement dollars between a PC-3 pilot and a PC-4 pilot. Several years ago I flew a trip with the number 1 captain on the 767-400. He was (and is) a good guy. One of his comments regarding retirement was "...It's not that hard to get your final average earnings up to $450,000.00". That's a number we pretty much can't fathom in todays world. That fellow went out several years early and I believe his lump sum was in the $1.7 million range. |
Double post deleted
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Originally Posted by Wasatch Phantom
(Post 644900)
What Reroute, Sailing and Stagger didn't mention is that there was no distinction in either of the ALPA distribution methodologies for a pilot's PC status within the PBGC guidelines. That is: If you were 53 or older on the date of pension plan termination you are a PC-3 pilot. If you weren't 53, you are PC-4.
PC-4 pilots will only get the PBGC minimum unless (and it's chance is virtually zero) there is any money left over after all the PC-3 pilots get 100% of their benefit. There is a HUGE difference in retirement dollars between a PC-3 pilot and a PC-4 pilot. Several years ago I flew a trip with the number 1 captain on the 767-400. He was (and is) a good guy. One of his comments regarding retirement was "...It's not that hard to get your final average earnings up to $450,000.00". That's a number we pretty much can't fathom in todays world. That fellow went out several years early and I believe his lump sum was in the $1.7 million range. |
Originally Posted by johnso29
(Post 644441)
Last I heard was 150+ & expecting 200+. :)
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Originally Posted by KC10 FATboy
(Post 644908)
Why couldn't it have been 2000 ??? Wouldn't that rock!
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Originally Posted by sailingfun
(Post 644769)
Some of that job loss was scope. We actually peaked at 10300 pilots. Most of the job loss was work rules. The average pilot is now flying 25% more block hours then prior to 2001. The math is easy. Thats over 2500 jobs lost to work rules. If we brought back the work rules the jobs would come back also.
Restore the profession.. Taking it back... What's next? |
Originally Posted by FlyinPiker
(Post 644878)
Well our most accurate poster tossed this on Flightinfo's Delta/Virgin Blue Thread either last night or this morning.
"It is going to be an interesting week down here in VA ave. The TV trucks are already setting up http://forums.flightinfo.com/images/smilies/wink.gif" Oh wait, we are in a recession. :( |
Not only in a recession ... it's still falling. And the big news this week so far has been "its not going back to what it was."
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