GoPro stock, what could go wrong?

 

Or a younger wife to pay the bills while I am fishing.

 

How about flying until age 102.

 

Marcal.....that is true...... but in the case of a pension trust, in the event of ROI setbacks the payout obligation is not diminished. The trustee has to reach into operating revenues and make beneficiaries whole.

Not that I'm advocating DB plans.... their record is dismal.

Had alpa exercised even the minimum of fiduciary responsibility and required delta to fund a secondary financial vehicle to underwrite the 40% of a pilots pension the unqualified benefit represented...... we would not be having this discussion.

At the point of BK timbo would have likely rolled a half million or more from this secondary financial vehicle into a qualified retirement account.... tax deferred. And would still have the pbgc benefit payment to offset the loss of the qualified component.

Instead..... from the time timbo came to work, contract after contract, alpa told delta..." you only have to save enough to pay HALF of timbos pension, because..... after all...we trust you are good for the rest".....

Stupidity would be too kind of a descriptive. Particularly in light of the backdrop of eastern, pan am, and on and on. Arrogant ignorance is what it was... plain and simple.

And so far as alpa goes.... nothing has changed.






;

 

Any idea what "pilot responsibility pay, eg door pay" is or a value? I'm guessing it extra pay for each leg flown for preflight duties.

 

The clock for pay will start when the the door closes to when it opens. Usually it's a few extra minutes a flight.

 

Most airlines start paying their pilots the second the main door closes. At Delta Air Lines, we are paid when the main door and cargo doors are closed. Plus Beacon on and a little nudge on the nose wheel by the tug.

The way Delta does it now, saves them quit a bit of coin in the long run.

TEN

 

They basically opened at my my minimum. I don't see room to grow. This is a no vote for me. I'll chill under 2012 until we can get it right. Our union has lost its mind.

 

If we have an apu fire between door close and push, I'm
going to sue the company.

 

36% pay raise in 3 years is nothing to shy away from. Compound it. Without touching profit sharing. If you get 20% from profit sharing and the 36%, this will pass. I might add with no concessions, I'm done giving.

That being said, I understand your feeling, this is pretty much my minimum. We've given so much, it's payback time. Delta is debt free, buying back stock and paying dividends thanks to the sacrifices of us. 50% pay cuts and lost pensions are not forgotten.