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Old 09-13-2016 | 08:03 AM
  #21  
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Originally Posted by sailingfun
I am a dead zoner also. No idea how you ended up at 40%. I would get the best professional help you can find. As far as retirement and junior pilots the issue was so far down the surveys that it has as you know received almost no consideration from the union. It was to paraphrase one rep a non event on the surveys. It was at the top of mine but I guess I was in a huge minority.
I need to ask you what age of retirement are you basing your numbers on? Will you have 80% at age 60 or age 65?

Denny
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Old 09-13-2016 | 08:25 AM
  #22  
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Originally Posted by BobZ
recognizing selling each other out is a bad thing...is not 'courageous'.

it is essential to the survival and 'leverage' of being part of a collective bargaining employee group.

your post drips with the condescension and arrogance of most alpa operatives I have dealt with for just about 30 years now.
I don't see folks debating process and goals and having differing opinion as selling each other out... and to be clear I don't think sailing said he/she was "dollars ahead".

I had retirement issues very high on my survey as well but apparently few others did, so to call the NC abject failures because they aren't addressing the issue is disingenuous.
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Old 09-13-2016 | 08:29 AM
  #23  
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Quote Seaslap......"I had retirement issues very high on my survey as well but apparently few others did, so to call the NC abject failures because they aren't addressing the issue is disingenuous." I hear you on this point big time.........!
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Old 09-13-2016 | 08:51 AM
  #24  
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Originally Posted by Denny Crane
I need to ask you what age of retirement are you basing your numbers on? Will you have 80% at age 60 or age 65?

Denny
60, at 65 if I wait to draw it my PBGC benefit almost equals my frozen DB plan.
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Old 09-13-2016 | 08:55 AM
  #25  
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Originally Posted by BobZ
instead...how about you inform us, specifically and with documentation, how you ended up money ahead?

the only ones here requiring 'professional help' are those like yourself, with deep seated issues surrounding their being associated with a professional peer group they consider intellectually inferior.

again...you appear as the cop on the scene, to once again tell a bloodied and battered assault victim...'stop your complaining, its not that bad'.
Well I got the MPP money, The note Money, The claim Money, 50,000 a year for 3 years went in my DC tax free, PBGC money, then merger stock money that I didn't include. In the end it added up to a lot of money and the market performance overall has been strong.
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Old 09-13-2016 | 11:14 AM
  #26  
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You have a frozen plan? Mine was terminated. My PBGC benefit is frozen as it does not have any COLA from the time the plan was terminated. Is that what you mean?
The PBGC annuitized value increases by $2k per month at age 65, but that is not an increase in the overall value of the plan. So how does that cover a 20 percent deficit in your calculations? It definitely wont cover my 60 percent deficit in expected retirement benefits. HUH!!??
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Old 09-13-2016 | 11:18 AM
  #27  
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Secondly, the Claim money was NOT for retirement! You may have used it for that, but it was a bankruptcy claim for wages lost in that current contract only. Apples and Oranges. And only paid cents on the dollar.
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Old 09-13-2016 | 11:53 AM
  #28  
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If you're at 40% something went drastically wrong in your investing. To echo Sailing, seek professional help
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Old 09-13-2016 | 05:28 PM
  #29  
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Originally Posted by D Mantooth
If you helped, you have my thanks. Sincerely.
helped? umm. yeah i guess thats what you could call it.

of course im just a dumbazz pilot, and not some financial and contract law 'expert'.....

what is sad is it took a ton of bricks to fall on the alpa experts before they could even grasp what was being proposed......and given the historic failure rate of employer owned pension plans....THE primary afl-cio benefit template....one would think such language would have already been enacted before any airline filed bankruptcy.

but then it wasnt.
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Old 09-13-2016 | 05:32 PM
  #30  
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Originally Posted by Seaslap8
I don't see folks debating process and goals and having differing opinion as selling each other out... and to be clear I don't think sailing said he/she was "dollars ahead".

I had retirement issues very high on my survey as well but apparently few others did, so to call the NC abject failures because they aren't addressing the issue is disingenuous.

sellout of component demographics has been the stock and trade of the association since i became employed,.

the b scale. the pre 72 retirement. express. the bankruptcy distributions. age 65. im sure there are others,...but im kinda tired right now.
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