Retirement Website
#62
Gets Weekends Off
Joined APC: Nov 2017
Posts: 2,099
You quoted my response that was to Fastburner.
Senior WB FO currently makes more than Reserve Jr NB Capt. Thats fact. They bid carryovers. They sell vacation. They do draft. Its what happens in reality. Also the line values vary from top to bottom. Others make more in the FO seat by bidding an FDA like HKG who has FO’s making well north of 400k.
Those who want seniority arent going to bid Capt sooner for a marginal pay bump to go from senior FO to commuter reserve NB or Jr WB capt. Thats just reality. If you would like a good example of this just look at the majors they only have a DC plan. Those guys retirement is purely based on income and they don’t have a different mix then we do when it comes to bidding upgrade. UA DL and AA retirement is purely income based and they still have the same mix of guys bidding qual and some chasing money. I was at one of them so I saw it in real time.
This argument is no different than those that say this will incentives people to stay longer when the union published the average retirement age was over 64 last year
Senior WB FO currently makes more than Reserve Jr NB Capt. Thats fact. They bid carryovers. They sell vacation. They do draft. Its what happens in reality. Also the line values vary from top to bottom. Others make more in the FO seat by bidding an FDA like HKG who has FO’s making well north of 400k.
Those who want seniority arent going to bid Capt sooner for a marginal pay bump to go from senior FO to commuter reserve NB or Jr WB capt. Thats just reality. If you would like a good example of this just look at the majors they only have a DC plan. Those guys retirement is purely based on income and they don’t have a different mix then we do when it comes to bidding upgrade. UA DL and AA retirement is purely income based and they still have the same mix of guys bidding qual and some chasing money. I was at one of them so I saw it in real time.
This argument is no different than those that say this will incentives people to stay longer when the union published the average retirement age was over 64 last year
Like I said before to you without a reply (which is why I randomly replied to your fast burner post), you don’t provide any data to back up any of your assertions. On the contrary, I gave you factual data to argue the opposite.
But regardless, the PSPP wouldn’t be an on/off switch of people automatically changing their bidding strategy. Our the way we earn our total compensation (including retirement) is a spectrum on how people behave. In other words, when you change the way we get paid, it incrementally the way people behave. If you change the pay in a major way, it changes behavior in a major way. If you change it in a minor way, it only changes behavior in a minor way. It’s nonsensical to think that if you change the way we earn our retirement, it will not change any bidding behavior. Your retirement age example provides my point. The regulated age changed and then we had some people keep working past 60. Why? Because when you give people an opportunity to make more, some will.
Now, can you comment on my second point from my original post to you?
#63
Banned
Joined APC: Jun 2018
Posts: 1,838
Like I said before to you without a reply (which is why I randomly replied to your fast burner post), you don’t provide any data to back up any of your assertions. On the contrary, I gave you factual data to argue the opposite.
But regardless, the PSPP wouldn’t be an on/off switch of people automatically changing their bidding strategy. Our the way we earn our total compensation (including retirement) is a spectrum on how people behave. In other words, when you change the way we get paid, it incrementally the way people behave. If you change the pay in a major way, it changes behavior in a major way. If you change it in a minor way, it only changes behavior in a minor way. It’s nonsensical to think that if you change the way we earn our retirement, it will not change any bidding behavior. Your retirement age example provides my point. The regulated age changed and then we had some people keep working past 60. Why? Because when you give people an opportunity to make more, some will.
Now, can you comment on my second point from my original post to you?
But regardless, the PSPP wouldn’t be an on/off switch of people automatically changing their bidding strategy. Our the way we earn our total compensation (including retirement) is a spectrum on how people behave. In other words, when you change the way we get paid, it incrementally the way people behave. If you change the pay in a major way, it changes behavior in a major way. If you change it in a minor way, it only changes behavior in a minor way. It’s nonsensical to think that if you change the way we earn our retirement, it will not change any bidding behavior. Your retirement age example provides my point. The regulated age changed and then we had some people keep working past 60. Why? Because when you give people an opportunity to make more, some will.
Now, can you comment on my second point from my original post to you?
#64
Gets Weekends Off
Joined APC: Nov 2017
Posts: 2,099
#65
I try to be big on politeness, but I’m gonna have to jump in here and call you out on your lack of response too
You claim to have great knowledge, great connections and great understanding
Please share. This will be the 3rd time I’ve asked you. I know you log on often and read & respond to posts
So....I’m still genuinely interested in your understanding on how the stabilization plan actually works and is funded.
?????
Thanks for sharing.
In Unity,
DLax
#67
Banned
Joined APC: Jun 2018
Posts: 1,838
Hey NoWorkAllPlay -
I try to be big on politeness, but I’m gonna have to jump in here and call you out on your lack of response too
You claim to have great knowledge, great connections and great understanding
Please share. This will be the 3rd time I’ve asked you. I know you log on often and read & respond to posts
So....I’m still genuinely interested in your understanding on how the stabilization plan actually works and is funded.
?????
Thanks for sharing.
In Unity,
DLax
I try to be big on politeness, but I’m gonna have to jump in here and call you out on your lack of response too
You claim to have great knowledge, great connections and great understanding
Please share. This will be the 3rd time I’ve asked you. I know you log on often and read & respond to posts
So....I’m still genuinely interested in your understanding on how the stabilization plan actually works and is funded.
?????
Thanks for sharing.
In Unity,
DLax
Last edited by Noworkallplay; 09-30-2020 at 12:42 PM.
#68
Line Holder
Thread Starter
Joined APC: Nov 2016
Posts: 56
Easy. Its funded by the delta between no market gains and the hurdle rate. So if the hurdle rate is 4% any account gains from 0-4% go into the floor reserve account. Any gains above 4% goes into growth within the account. I also remember something being said about an additional contribution from the company the first 2 years to establish and fortify the floor fund. Done Its all been talked about in the material the last 5 years.
Obviously - you're not a golfer... The explanation is wrong.
If you have forgotten about the FCIF 20-0563 question - just highlight what that refers to and/or rewatch the plethora of videos on our union site for a clearer explanation... unless of course you can't do either...which might explain the complete botching of the concept above.
#69
Gets Weekends Off
Joined APC: Aug 2006
Posts: 1,820
Easy. Its funded by the delta between no market gains and the hurdle rate. So if the hurdle rate is 4% any account gains from 0-4% go into the floor reserve account. Any gains above 4% goes into growth within the account. I also remember something being said about an additional contribution from the company the first 2 years to establish and fortify the floor fund. Done Its all been talked about in the material the last 5 years.
This statement shows that you clearly don't understand the stabilization fund. You also obviously don't understand what the hurdle rate is or the floor rate are either.
#70
Banned
Joined APC: Jun 2018
Posts: 1,838
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