What I like about our system is that we are hedged against both short and long term events. My only input to improve the system is to increase LTD payouts to something better than 50%. United currently has 55%. I'd like to see that or 60% in C2015. That would do much more for our downside protection than incentivizing guys to squirrel away hours.[/QUOTE]

I would love 60%. That I agree with. The rest of the post is wrong.
UAL gets the same 50% we get however it is capped at 8000 a month. In addition it is not pensionable. At Delta we eliminated the cap and it's fully pensionable. Our plan is not just better but way better!

UAL plan-The monthly benefit is 50% of your "monthly earnings." Your monthly earnings are equal to 1,026 times the hourly rate you are earning for flight hours as of your disability date divided by twelve. This equates to a monthly benefit of 42.75 times your hourly rate. Your monthly benefit is limited to $8,000 per month or $96,000 per year.

Um, you do know that your fact checks just proved Timbo correct...right?

Carl

UAL gets 50% not 55%.

Um, no. He was right about some things and wrong about others. I thought my post made it clear which was which.

Why is it that you believe it will have such a dramatic effect? Or are you merely picking fly specks out of pepper? Lee doesn't vote for any of us. He will only be a rubber stamp on the first page of our contract. Or will this launch black helicopters so thick that they will scare the negotiators into bringing forth some sort of agreement that, even though distasteful to 12,000 pilots, will garner enough support to pass? Fear? That is the effect that these "statements" will produce? Really? It is a real shame that you have so little confidence in our negotiators.

I'll be honest with you. I haven't read that article because I don't care what he said. I will still read the TA, and I will still vote up or down based on its' merits. YMMV... (apparently)

LM-2's notwithstanding, I believe Mr. Moak's taxable income (W-2 statement) from ALPA was exactly 1.3 million.

Carl

Now LeineLodge that's no way to talk about Richard and Ed. You DO know that "cost neutral" was the exact words used by Richard and Ed to describe TA2012...right?

Carl

You are correct Alan, I misspoke.

The actual number is $1,278,848. I stand corrected.

At least that's what was reported to the IRS.:cool:

Believe what you want. His salary is based on the highest paid positions at the 5 highest paid ALPA carriers, plus an override of 25%. A very handsome salary, to be sure, but nothing near what the LM-2 shows (I haven't been privy to his W-2). He also gets a pension for the time he serves as ALPA President to compensate him for accruing no retirement funds at his own carrier during that period of time.

The rest of his compensation as shown on the LM-2 reflects the value of his housing in DC, his transportation while there, his lodging while on the road, meal and travel expenses, etc. I believe that any pilot who spends time working for ALPA and is reimbursed for expenses receives a W-2 for those reimbursements.

Delta pilots are NOT the highest cost pilots in the industry sailingfud.

Carl