What bothers me most about our last counter proposal was the lack of restoring our DB value. 18% DC won't begin to be enough for the Dead Zone to replace the value of the DB plan that part of our deferred compensation, but was taken from us.

I still want to see the accounting on how many Billions the Delta Pilots have contributed to Delta's record earnings.

 

Tim
I don't think our union wants to publish that number. It would raise expectations in this time of historic profits. You and I can feel that number, we know that number, it's keeping us on the property much longer than we thought.
Our deferred compensation, aka a defined benefit was worth millions.

Hank

 

The alpa 'accounting experts' have all the data.

I'm just a dumbazz line pilot but right now I would guess between the unqualified payments which would be paid from operating revenues..... and required payments to the trust which would satisfy the qualified payments .....the current number would conservatively be $500M/year.

And with retirements over the next 5-8 years..... it easily would exceed $1B a year.

Tim....alpa gains nothing from restoration of an income stream from which they derive zero dues dollars. Right now alpa has tapped nearly 100% of your compensation for dues dollars.

What we all should be demanding right now is alpa having a mandatory PWA section requiring any carrier that has availed itself of bkruptcy to shed the pilots pension obligation.... be required to backstop the PBGC benefit payments.

The pbgc will have to move to cut benefit payments in the near future. Likely before you reach the mandatory retirement age.

 

If you want a DB plan then you should have gone to FDX or UPS.

 

You are brilliant!! We had one here before our Alpa leaders let it get stolen!! Your point is, if you want a career go fly night freight, but if you want a job apply at DAL. Well thought out on your end.

 

Yup, where were you 30 years ago?

 

Pretty sure he was being sarcastic! No one would say a thing this stupid for real. Would they?

 

Buddy Rydell says sarcasm is angers ugly cousin!!

 

Interesting idea. Seeing as bankruptcy courts can throw out out contract language up to and including the entire PWA, would this language help?

 

Would it help?..... not if the airline revisits bankruptcy.

But as a going concern.... absolutely.

Tim is looking for tangible return on the surrendered DB. Its not likely to happen..... but the LEAST the CBA responsible for constructing and perpetuating such a failed economic model should be required to do..... is at least attempt to prevent any further losses for the membership that has paid so dearly for alpas galactic incompetence.