Any "Latest & Greatest" about Delta?
So, if I am getting an annual yield of 12% on a $3 million portfolio, I should be able to take about 80% of $360K, which is $288K per year in retirement income. If I retire at age 60 instead, then the portfolio is worth $2 million and could sustain an average annual income of $192K. In the year 2025, $288K and $192K would convert to 2010 dollars of approximately $213K and $142K respectively.
And, BTW, as a reminder, your original assumptions assumed both you and DAL put in ZERO dollars between now and age 60-65. Put in DAL's 12-14%, and those numbers will go up substantially. Sounds like you're gonna do just fine in retirement, even without the PBGC and without SS and without any payraise....
OK - those check with roughly what I was calculating. So $142k (in today's dollars) is deemed insufficient to retire on? Fair enough. But that's a long way from eating cat food, as so many of our peers proclaim....
And, BTW, as a reminder, your original assumptions assumed both you and DAL put in ZERO dollars between now and age 60-65. Put in DAL's 12-14%, and those numbers will go up substantially. Sounds like you're gonna do just fine in retirement, even without the PBGC and without SS and without any payraise....
And, BTW, as a reminder, your original assumptions assumed both you and DAL put in ZERO dollars between now and age 60-65. Put in DAL's 12-14%, and those numbers will go up substantially. Sounds like you're gonna do just fine in retirement, even without the PBGC and without SS and without any payraise....
And, of course, you are correct that the company contributions will positively affect the outcome. I just left that out to keep the math simpler. (Which, as everyone has seen today, is essential for me! ) My main purpose was to illustrate the significant difference an additional 5 years can make to the bottom line retirement income. In the example I used, it's over a $1 million difference to the total value of the portfolio.
Now, as far as the overall value of the career... that's another story when you look at how much less we are all earning than we should be. By the time we get a new contract with substantial restoration of our pay rates, it might be almost a decade since we took the massive cuts. Talk about a "lost decade"! That's pretty hard to overcome when you're looking at the overall value of your career.
Last edited by DAL 88 Driver; 05-16-2010 at 04:57 PM. Reason: clarification/wording
Gets Weekends Off
Joined APC: Jan 2009
Position: Nice while it lasted
Posts: 326
Sorry, but Whitlow was instituted to avoid the very look-back scenario you are espousing as legal. That's not to say Delta hasn't been getting away with this for years, but at NWA we didn't let them.
Gotta side with Super on this one.
How the heck are you getting 12% per year in today's dreadful times?
Using this logic, the company could call you at hour 19 of your short call day and send you out on 2 hours notice. After all, you were not used the prior 12 hours so you were not "on duty", at least according to your interpretation.
Sorry, but Whitlow was instituted to avoid the very look-back scenario you are espousing as legal. That's not to say Delta hasn't been getting away with this for years, but at NWA we didn't let them.
Gotta side with Super on this one.
Sorry, but Whitlow was instituted to avoid the very look-back scenario you are espousing as legal. That's not to say Delta hasn't been getting away with this for years, but at NWA we didn't let them.
Gotta side with Super on this one.
Yes, satch, I have seen it. 24 SC and you get a call in the last two hrs for a 12 hr international trip that leaves in a few hrs. It is 100% legal contractually and FAR wise.
It also happens in the domestic 12 hr SC callout world too. When a aircraft will be dispatched using Flag rules, Whitlow does not apply. MAO is a great example. You are in the last few hrs of SC and they call you for a trip that reports outside of your SC window to fly all night on a two man care. Yep, it is legal too. Whitlow does not apply.
Watch for it, you will see it happening regularly this summer.
It also happens in the domestic 12 hr SC callout world too. When a aircraft will be dispatched using Flag rules, Whitlow does not apply. MAO is a great example. You are in the last few hrs of SC and they call you for a trip that reports outside of your SC window to fly all night on a two man care. Yep, it is legal too. Whitlow does not apply.
Watch for it, you will see it happening regularly this summer.
Gets Weekends Off
Joined APC: Jan 2009
Position: Nice while it lasted
Posts: 326
My ignorance may be showing, but in reading this board it looks like DAL does disregard the time you were already on call. If that is true, I take serious exception to it.
Thread
Thread Starter
Forum
Replies
Last Post