Retirement Plan Negotiations?
12-18-2018 | 08:30 PM
#151
Out to pasture...
Joined: Oct 2006
Posts: 98
Likes: 0
From: B777 Capt
Are y'all nuts?
Boys and girls, I'm retired and (as far as I know) don't have dog in this fight, but I think giving up even 1˘ of your (and my) A plan is absolutely nuts. Regardless of the market and the fluctuations of company fortunes, you can count on up to 50% of whatever is the current cap on your average income for your highest 5 years. Guaranteed! Don't throw that away! You'd be playing right into the bean counters' hands.
If you think you can do a better job of investing your own retirement money, then max out your contributions to your retirement savings accounts and maybe figure out a way to have more investment flexibility with your B fund money.
But don't give away the goose that lays the golden egg! You should guard that A plan like it was solid gold. In some ways, it is!
If you think you can do a better job of investing your own retirement money, then max out your contributions to your retirement savings accounts and maybe figure out a way to have more investment flexibility with your B fund money.
But don't give away the goose that lays the golden egg! You should guard that A plan like it was solid gold. In some ways, it is!
12-19-2018 | 05:27 AM
#152
Thread Starter
Line Holder
Joined: Mar 2012
Posts: 1,212
Likes: 22
From: Two Wheeler FrontSeat
Boys and girls, I'm retired and (as far as I know) don't have dog in this fight, but I think giving up even 1˘ of your (and my) A plan is absolutely nuts. Regardless of the market and the fluctuations of company fortunes, you can count on up to 50% of whatever is the current cap on your average income for your highest 5 years. Guaranteed! Don't throw that away! You'd be playing right into the bean counters' hands.
If you think you can do a better job of investing your own retirement money, then max out your contributions to your retirement savings accounts and maybe figure out a way to have more investment flexibility with your B fund money.
But don't give away the goose that lays the golden egg! You should guard that A plan like it was solid gold. In some ways, it is!
If you think you can do a better job of investing your own retirement money, then max out your contributions to your retirement savings accounts and maybe figure out a way to have more investment flexibility with your B fund money.
But don't give away the goose that lays the golden egg! You should guard that A plan like it was solid gold. In some ways, it is!
12-29-2018 | 05:17 PM
#153
Line Holder
Joined: Jul 2018
Posts: 532
Likes: 10
Pure curiosity on my part, and again, I don’t work for any airline yet: Delta has a dam good 401k and profit sharing program, probably the best in the business for that kind of setup. I think most of you (myself also) view an A Plan pension as even better since it’s a guaranteed income for life (for the most part pending company health). Delta injects 16% into their B Plan, plus pays another 10-15% of pay from profits, my question is this: what % of B Plan contribution would the hardline A Plan advocates want to make the switch? Obviously the further from retirement the more relevant your situation, but I’m curious if the company could actually ever offer a B Plan to legitimately replace the A Plan, and what would it look like?
12-29-2018 | 07:09 PM
#155
Gets Weekends Off
Joined: Aug 2006
Posts: 216
Likes: 0
From: Finally Facing Forward
Pure curiosity on my part, and again, I don’t work for any airline yet: Delta has a dam good 401k and profit sharing program, probably the best in the business for that kind of setup. I think most of you (myself also) view an A Plan pension as even better since it’s a guaranteed income for life (for the most part pending company health). Delta injects 16% into their B Plan, plus pays another 10-15% of pay from profits, my question is this: what % of B Plan contribution would the hardline A Plan advocates want to make the switch? Obviously the further from retirement the more relevant your situation, but I’m curious if the company could actually ever offer a B Plan to legitimately replace the A Plan, and what would it look like?
12-29-2018 | 08:20 PM
#156
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Joined: Jul 2018
Posts: 532
Likes: 10
My understanding of what you mean by “cash over cap” is that any of that 16% that is more than the IRS limit of employer contributions goes to the employee as regular pay.
If that’s what you mean, then yes they do. Excess is paid to the Delta pilot as pay.
If that’s what you mean, then yes they do. Excess is paid to the Delta pilot as pay.
03-22-2019 | 12:15 PM
#157
Fill'er Up Again
Joined: Jun 2008
Posts: 1,092
Likes: 1
From: Scarebus Captain
Just got meeting notice. And wow, they now call their scheme, ‘Pilot's Stabilized Pension Plan’. But hey, the aren’t gonna sell this. Also it says update which implies they are negotiating this disaster.. TonyC, first order of business is kill this and improve A plan...PLEASE
Looked in thesaurus and Stabilized is not the same as Variable.
https://www.thesaurus.com/browse/stabilized
Looked in thesaurus and Stabilized is not the same as Variable.
https://www.thesaurus.com/browse/stabilized
03-22-2019 | 04:24 PM
#158
Gets Weekends Off
Joined: Apr 2018
Posts: 166
Likes: 0
From: MEM HSBY
Just got meeting notice. And wow, they now call their scheme, ‘Pilot's Stabilized Pension Plan’. But hey, the aren’t gonna sell this. Also it says update which implies they are negotiating this disaster.. TonyC, first order of business is kill this and improve A plan...PLEASE
Looked in thesaurus and Stabilized is not the same as Variable.
https://www.thesaurus.com/browse/stabilized
Looked in thesaurus and Stabilized is not the same as Variable.
https://www.thesaurus.com/browse/stabilized
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