Airline Pilot Central Forums - Any "Latest & Greatest" about Delta?

We had a PERP at DAL before. It was to get rid of the pre 72 guys if memory serves correctly. The only thing I DO remember about it is that they got the money, and were allowed to hang around until their replacements were trained.. care to guess how long that took??

T, I remember when that happened at DL...why did flight ops management allow it to happen? (the guys coming back to fly?) Unfortunately the lump sum was allowed in the contract.

CVG767A

01-09-2011 04:39 PM

Quote:

Originally Posted by TANSTAAFL (Post 927400)

DAL costs ~$800/month single, $1600/month married. May as well look at that as a net reduction in your retirement income on top of no pension. :(

Isn't there a federal tax credit to cover 80% of that cost, for airline employees that have had their pensions taken over by the PBGC? That's what I was told by a recent retiree.

Bill Lumberg

01-09-2011 04:39 PM

Quote:

Originally Posted by iceman49 (Post 927433)

T, I remember when that happened at DL...why did flight ops management allow it to happen? (the guys coming back to fly?) Unfortunately the lump sum was allowed in the contract.

At the time Delta pilots only had to give 24 hours notice to retire. That left Delta with no idea how to staff a fleet if the whole lot of 777 Captains left at once with their lump sums. I didn't agree with the PERP program, but I understood why it was there. It's hard to replace checkairman etc when they can give only 24 hours notice to leave.

Nosmo King

01-09-2011 04:46 PM

Quote:

Originally Posted by tsquare (Post 927350)

Standard question though: What are you willing to pay to (theoretically) get those guys to pull the handles? And.... and this is a really big aaaaaand.... what guarantee do we have that if we get them some kind of medical bridge that they actually WILL pull the handles... Answer: none. There is no guarantee, so I for one don't want to spend squat to get them a better deal.

Simple.

Write the language as follows:

If you retire the day of your 60th birthday, your retiree medical will be (insert favorable number here). If you retire after this date the standard premium applies. Add grandfather clause and deadline for those already over 60 on the day the LOA is signed. Add language as desired for those retiring prior to 60th birthday.

You will probably get an age discrimination lawsuit because there are always pilots looking to sue someone.

My $.02

johnso29

01-09-2011 05:00 PM

Watching the snow in ATL. Wouldn't want to be at the airport right now.

forgot to bid

01-09-2011 05:05 PM

Quote:

Originally Posted by satchip (Post 927419)

I have a c period. I was hoping you lived in base housing.

:(

Think Lake Lanier.

http://farm3.static.flickr.com/2660/...ba221c56_o.jpg

forgot to bid

01-09-2011 05:06 PM

and then go about 10-15 min south in the middle of GA400 and 85, meaning 25 min to either one.

nwaf16dude

01-09-2011 05:13 PM

Quote:

Originally Posted by CVG767A (Post 927443)

Isn't there a federal tax credit to cover 80% of that cost, for airline employees that have had their pensions taken over by the PBGC? That's what I was told by a recent retiree.

I don't know about that tax credit, but if it is as you state, it wouldn't help the FNWA guys because our pensions were not taken over by the PBGC (yet).

I say ours, because I do technically have one... somewhere south of 400 bucks per month.

forgot to bid

01-09-2011 05:15 PM