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.

01-09-2011 | 04:39 PM

#56452

CVG767A

Gets Weekends Off

Joined: Apr 2005

Posts: 1,190

Likes: 0

From: 767ER capt

Quote:

Originally Posted by TANSTAAFL

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.

01-09-2011 | 04:39 PM

#56453

Bill Lumberg

Banned

Joined: Jul 2006

Posts: 2,007

Likes: 0

From: Space Shuttle PIC

Quote:

Originally Posted by iceman49

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.

01-09-2011 | 04:46 PM

#56454

Nosmo King

Inventory survival kit ..

Joined: Jul 2008

Posts: 1,069

Likes: 0

From: Seeking no jacket required rotations

Quote:

Originally Posted by tsquare

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

01-09-2011 | 05:00 PM

#56455

johnso29

Moderator

Joined: Oct 2006

Posts: 13,088

Likes: 0

From: B757/767

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

01-09-2011 | 05:05 PM

#56456

forgot to bid

veut gagner à la loterie

Joined: Apr 2008

Posts: 23,286

Likes: 0

From: Light Chop

Quote:

Originally Posted by satchip

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

Think Lake Lanier.

01-09-2011 | 05:06 PM

#56457

forgot to bid

veut gagner à la loterie

Joined: Apr 2008

Posts: 23,286

Likes: 0

From: Light Chop

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

01-09-2011 | 05:13 PM

#56458

nwaf16dude

Gets Weekends Off

Joined: Jan 2008

Posts: 1,890

Likes: 0

From: 737A

Quote:

Originally Posted by CVG767A

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.