The strategy doesn’t matter if a large portion of the pilots back stab the Negotiating Committee with the decision they make. Gotta get that money……. Short term money, but not long term contractual gains. So many are short sighted and the company is laughing.

Not on property yet, in the hiring pool. Keep hearing about this pancake plan but never see it defined. Anyone able to explain what this is?

Tough question. You’re gonna see a lot of strong opinions of guys who hate it even though it hasn’t been negotiated. All i’ll say is our existing pension is a dinosaur that’s losing purchasing power every month. Income replacement for me when I retire is laughable.

Which is a great argument for improving the pension.

Alternatively, we could toss the baby out with the bath water and be part of a great experiment in which we assume all risk.

None of our opinions on the A plan matter. The company doesn’t want it regardless of the formula. They want a bankruptcy era retirement. I would guess thats a B plan only. A lot of our pilots support that with the actions they are taking.

No need to debate the how when our fellow pilots support the companies position by the actions they take.

Our existing pension plan at least guarantees an income, the pancake plan and the B fund are subject to being vaporized by the market at any time.

The B plan could vaporize at any time. The A plan IS (and has been) vaporizing at an alarming rate for a very long time.

eroding at a steady rate consistent with inflation*

Both need to be improved. Neither should be thrown out in lieu of the other.

Bingo. We have a winner.

If the expectation is that wages should keep up with inflation (at a minimum), so should retirement vehicles. Our problem here is that we've managed our own expectations down.

https://www.youtube.com/watch?v=mm_K3B_Xbws

Retirement benefit tied to market gains and requires you to work more for increased benefit - HARD NO