Any "Latest & Greatest" about Delta?
09-03-2014 | 04:57 PM
Gets Weekends Off
Joined: Feb 2008
Posts: 20,877
Likes: 194
Dude, just stop. Leave profit sharing alone. Between wages and work rules combined the push should be for restoration. Management is miles above where they were, the other employees are back to where they were. The consolidated industry is in a position for historic profits for years to come. Let's not muddy the waters.
09-03-2014 | 05:02 PM
At home on the maddog!
Joined: Mar 2009
Posts: 2,874
Likes: 0
From: Retired (mandatory age 65)
When you add up your MPP payout, note payout, claim payout, PBGC money and the DC plan going forward what is your honest assessment of your percentage of retirement lost. Even one of the most ardent anti ALPA posters on here admits he is actually better off with the new plan.
Definitely, the note, claim, PBGC money, company contribution into our 401k (DPSP), etc. offset to some degree the value of the lost pension. I don't know how to put a number to it, but I don't think it offsets the entire lost value of the pension. I'm simply stating that my income in retirement looks to be better than the income I would have had from the pension alone.
Now, if we had kept the pension we still would have had the 401k (DPSP). We wouldn't have the note, claim, PBGC, etc. And I would imagine the company contribution might not be as high of a percentage. But we still could have added the BrokerageLink capability, which makes the 401k (DPSP) potentially more valuable. So my gut feeling (don't know of any way to quantify it) is that there is significant lost value with what we currently have versus what we could have had with both the pension and the 401k (DPSP). In the context of restoration, I think it's a mistake to completely dismiss that lost value.
And of course, that doesn't even touch the pay cuts. Like I said in another post. I figure the average Delta pilot who's been here over the entire time period (2004 to 2014) has contributed about $100K per year to Delta's recovery. Over 10 years, that's $1 million per pilot! And I'm not suggesting we be repaid for that. I'm only suggesting it be made right going forward. Restore our pay. Stop outsourcing our jobs. And we'll call it even. I think that's more than fair and reasonable!
09-03-2014 | 05:04 PM
Gets Weekends Off
Joined: Apr 2010
Posts: 203
Likes: 0
From: B737NG-B
Isis fighter was a DGS Msp aircraft cleaner
Somali-American ISIS fighter cleaned planes for Delta Airlines at Minneapolis airport | Mail Online
Somali-American ISIS fighter cleaned planes for Delta Airlines at Minneapolis airport | Mail Online
09-03-2014 | 05:08 PM
veut gagner à la loterie
Joined: Apr 2008
Posts: 23,286
Likes: 0
From: Light Chop
Way Too Early C2015 Prediction
2016 8%
2017 3%
2018 2%
2019 2%
2020 2%
Profit sharing reduced.
Limited CDOs.
Reduced 50 seaters in exchange for increased 76 seaters but limit to 400 DCI jets.
2017 3%
2018 2%
2019 2%
2020 2%
Profit sharing reduced.
Limited CDOs.
Reduced 50 seaters in exchange for increased 76 seaters but limit to 400 DCI jets.
09-03-2014 | 05:08 PM
Line Holder
Joined: Oct 2013
Posts: 972
Likes: 1
From: 7ERA
09-03-2014 | 05:19 PM
Gets Weekends Off
Joined: Jan 2010
Posts: 177
Likes: 0
From: SEA7ERB
09-03-2014 | 05:23 PM
Straight QOL, homie
Joined: Feb 2012
Posts: 4,202
Likes: 1
From: Record-Shattering Profit Facilitator
09-03-2014 | 05:28 PM
Gets Weekends Off
Joined: Dec 2005
Posts: 1,182
Likes: 0
From: M88B
Of course whatever is put out to a vote I predict will pass by....63% I think .
09-03-2014 | 05:29 PM
veut gagner à la loterie
Joined: Apr 2008
Posts: 23,286
Likes: 0
From: Light Chop
09-03-2014 | 05:35 PM
Gets Weekends Off
Joined: Nov 2013
Posts: 2,605
Likes: 12
From: A320 Left seat
Thread
Thread Starter
Forum
Replies
Last Post
