I was working at Comair when Delta filed for bankruptcy and was furloughed because of it. I don't think that has any relevance to C2015 either, though.

 

We need to leave profit sharing untouched.

We deserve 20% plus date of signing.

Trading profit sharing will ensure cost neutral repeat.

 

Not if you offset it with more vacation, more training pay, higher ADG, etc., etc., etc.

 

Even increasing it?

 

I review my personal situation every 12 months or so. The DC plan is only part of my retirement strategy so I can't say what a stand alone projection looks like. I think it is nuts if others are not doing the same thing.

I've been very fortunate that the crappy stuff in my career happened early which is not to say more crappy stuff couldn't happen but I won't be surprised if or when it does. Getting furloughed and watching every major airline go into bankruptcy and countless others go out of business (including three I've worked for) was a lesson in planning. I really feel for those who will not have a chance to make up for the mistakes made by the hacks and crooks who used to run airlines.

So, if you are reading this I highly suggest talking to a financial expert about your saving strategy. It can be eye opening...hopefully in a good way.

 

Such a good post until the last statement. You just won't let it go will you?. Even though you have been shown time and time and time and time and time and time and time and time and time and timeand time and time and time again that that is a false, stupid statement that furthermore is nothing but a lame attempt to further an already weak agenda.


When's the vote? Everytime you use the phrase "cost neutral" I am gonna ask you when is the vote.

 

Who said anything about pay banding Einstein?

 

This is not only 100% correct, it is absolutely unarguable. But then why do so many of the vehement DALPA defenders continue to denigrate this most basic tenet of making gains in life? They denigrate it not because it is wrong or inappropriate, they denigrate it because specific goals and objectives would provide a metric by which DALPA's effectiveness could be measured. For that reason, DALPA will fight anything that could provide such a measuring metric. That's why DALPA will never release survey results...even after negotiations are over. It's also why the contract opener we exchange with management will never be released.

Carl

Yikes, that is post 9,999. Help me FTB! Don't let me do it!

 

T, I would say try to keep up but I don't want to be condescending. If you follow the conversation between Alan and myself, you should be able to see that I am NOT saying I want to do away with profit sharing. Alan said he'd be good with tripling profit sharing in lieu of pay increases. I was simply saying I'd prefer not to increase our "at risk" compensation to the detriment of increasing our flight pay.

 

Gotta agree with you here, T. In terms of risk, I think we've seen first hand that a DB plan represents a greater risk than a market based plan.

Our current setup with the Fidelity BrokerageLink and the 15% company contribution is excellent. It is allowing me to create a retirement account that will provide an income greater than what I would have had with the DB plan. And that's with me having to start basically from scratch in my mid 40's! Imagine how powerful this is to those who are hired in their 30's or even in their 20's! If today's new hires are smart about the way they invest (i.e. don't take too much risk), they are going to be multi-millionaires by the time they retire.