Connect and get the inside scoop on Airline Companies

Welcome to Airline Pilot Forums - Connect and get the inside scoop on Airline Companies

If this is your first visit, be sure to check out the FAQ. Join our community today and start interacting with existing members. Registration is fast, simple and absolutely free.


User Tag List

Post Reply
 
Thread Tools Search this Thread Display Modes
Old 03-22-2019, 07:48 PM   #161  
Gets Weekends Off
 
Joined APC: Nov 2013
Posts: 2,408
Default

^^Now that is funny. Sad, but funny.
busdriver12 is offline  
Old 03-23-2019, 10:32 AM   #162  
Fill'er Up Again
 
FrankTheTank's Avatar
 
Joined APC: Jun 2008
Position: Scarebus Captain
Posts: 852
Default

Quote:
Originally Posted by kc10/c130 View Post
Next name will be:
Pilots Optimum Stabilized Fund or
POS Fund
Quote:
Originally Posted by busdriver12 View Post
^^Now that is funny. Sad, but funny.
True......
FrankTheTank is offline  
Old 03-24-2019, 03:00 PM   #163  
Gets Weekends Off
 
kronan's Avatar
 
Joined APC: Nov 2005
Position: 757 Capt
Posts: 2,007
Default

Is our 130k Pension Stabilized or is it in fact, shrinking in real dollar terms.

It's the numbers that matter, not the terms. Although I haven't asked, think the descriptive verbiage was modified to remove the inclination of some folks to see the predictive results as a Windfall for newhires since their predicted Benefits are in the 170-190k range.
Or, in other words, the relative Value of our A plan is in the same ballpark.

No secret sauce needed, no weird funding needed to meet the floor.

As an example, totally theoretical never happen in the real world, what if the Crystal Ball said a balanced portfolio would return 4-4.5% year after year for 25 years. No big gains, but never less than 4.

How does that impact the proposed benefit calculations?
More than the floor?

Well, No, if the hurdle rate is negotiated at 5% the value of each and every pancake is going to be a loss each and every year. Supported only by the Floor Benefit calculation.

And, sorry to disillusion you, but One Rep alone doesn't have Veto Authority on whether to move forward or not.
Will be interesting to see\read what TonyC thinks now that he's been authorized to peak behind the curtain. See the numbers associated with our research and the NDA w/ the company.
kronan is offline  
Old 03-24-2019, 03:03 PM   #164  
Gets Weekends Off
 
kronan's Avatar
 
Joined APC: Nov 2005
Position: 757 Capt
Posts: 2,007
Default

If you don't think some people have the impression that only the newhires are gaining a windfall.

Think about how many people castigated the predicted payrates because they've been here 25 years and their pay isn't anywhere close to the 600+ bucks an hour the models predict 20 years from now.
kronan is offline  
Old 03-24-2019, 04:33 PM   #165  
Gets Weekends Off
 
The Walrus's Avatar
 
Joined APC: Feb 2010
Position: Socket Drawer
Posts: 1,706
Default

Quote:
Originally Posted by kronan View Post
IAnd, sorry to disillusion you, but One Rep alone doesn't have Veto Authority on whether to move forward or not.
Will be interesting to see\read what TonyC thinks now that he's been authorized to peak behind the curtain. See the numbers associated with our research and the NDA w/ the company.
His interpretation will have an effect on the line pilot's vote though. Go Tony.
The Walrus is offline  
Old 03-24-2019, 06:33 PM   #166  
Gets Weekends Off
 
Joined APC: May 2016
Position: 757
Posts: 108
Default

Quote:
Originally Posted by kronan View Post
Is our 130k Pension Stabilized or is it in fact, shrinking in real dollar terms.

It's the numbers that matter, not the terms. Although I haven't asked, think the descriptive verbiage was modified to remove the inclination of some folks to see the predictive results as a Windfall for newhires since their predicted Benefits are in the 170-190k range.
Or, in other words, the relative Value of our A plan is in the same ballpark.

No secret sauce needed, no weird funding needed to meet the floor.

As an example, totally theoretical never happen in the real world, what if the Crystal Ball said a balanced portfolio would return 4-4.5% year after year for 25 years. No big gains, but never less than 4.

How does that impact the proposed benefit calculations?
More than the floor?

Well, No, if the hurdle rate is negotiated at 5% the value of each and every pancake is going to be a loss each and every year. Supported only by the Floor Benefit calculation.

And, sorry to disillusion you, but One Rep alone doesn't have Veto Authority on whether to move forward or not.
Will be interesting to see\read what TonyC thinks now that he's been authorized to peak behind the curtain. See the numbers associated with our research and the NDA w/ the company.
There is NO floor.
MelT is offline  
Old 03-24-2019, 08:36 PM   #167  
Gets Weekends Off
 
Joined APC: May 2016
Position: 757
Posts: 108
Default

If there was a floor there really would be no need to negotiate now would there? And since there is no floor and we do have to negotiate, how much faith do you have in our NC and MEC to protect us from the lack of concise and binding language to prevent future less than favorable interpretations by the company of what a floor would actually mean? What do lie flat seats and known R days really mean any way?
MelT is offline  
Old 03-25-2019, 01:02 AM   #168  
Line Holder
 
Joined APC: Aug 2006
Posts: 72
Default

Quote:
Originally Posted by MelT View Post
If there was a floor there really would be no need to negotiate now would there? And since there is no floor and we do have to negotiate, how much faith do you have in our NC and MEC to protect us from the lack of concise and binding language to prevent future less than favorable interpretations by the company of what a floor would actually mean? What do lie flat seats and known R days really mean any way?
Nailed it.
Iwa Washi is offline  
Old 03-25-2019, 04:30 AM   #169  
Fill'er Up Again
 
FrankTheTank's Avatar
 
Joined APC: Jun 2008
Position: Scarebus Captain
Posts: 852
Default

Quote:
Originally Posted by MelT View Post
If there was a floor there really would be no need to negotiate now would there? And since there is no floor and we do have to negotiate, how much faith do you have in our NC and MEC to protect us from the lack of concise and binding language to prevent future less than favorable interpretations by the company of what a floor would actually mean? What do lie flat seats and known R days really mean any way?
It will go something like this... “This is ground breaking and so awesome that Delta wants it... We need to sign now.. We will add/fix the floor language in the next contract..”.
FrankTheTank is offline  
Old 03-25-2019, 03:36 PM   #170  
Gets Weekends Off
 
Joined APC: Nov 2013
Posts: 2,408
Default

Quote:
Originally Posted by FrankTheTank View Post
It will go something like this... “This is ground breaking and so awesome that Delta wants it... We need to sign now.. We will add/fix the floor language in the next contract..”.
Yes, exactly!!!!
busdriver12 is offline  
 
 
 

 
Post Reply
 



Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes


Related Topics
Thread Thread Starter Forum Replies Last Post
New MEC Sales Video pinseeker FedEx 489 09-02-2018 08:32 AM
Special Executive Retirement Plan FoxHunter FedEx 10 10-01-2015 01:34 PM
Response to Captain Tucker alfaromeo Major 68 06-29-2012 05:16 AM
FedEx TA reached Goose17 Cargo 615 02-28-2011 06:14 PM
Northwest Retirement Plan Question Denny Crane Mergers and Acquisitions 15 10-29-2008 01:12 PM


All times are GMT -8. The time now is 05:05 PM.