Retirement Plan Negotiations?
12-18-2018, 08:30 PM
#151
Out to pasture...
Joined APC: Oct 2006
Position: B777 Capt
Posts: 98
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
Gets Weekends Off
Thread Starter
Joined APC: Mar 2012
Position: Two Wheeler FrontSeat
Posts: 1,162
Originally Posted by av8rdude
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
Gets Weekends Off
Joined APC: Jul 2018
Posts: 444
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 APC: Aug 2006
Position: Finally Facing Forward
Posts: 216
Originally Posted by LJ Driver
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
Gets Weekends Off
Joined APC: Jul 2018
Posts: 444
Originally Posted by SeeDub
Does Delta have cash over cap for their B plan?
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 APC: Jun 2008
Position: Scarebus Captain
Posts: 1,089
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 APC: Apr 2018
Position: MEM HSBY
Posts: 166
Originally Posted by FrankTheTank
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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