It is bad management and union cant work together again like we used to do. Our TA was proof of what we can acomplish when we work together. Much of management is in the pilots group side. Now the pilots group is a thorn in the side of the best management leadership team there has been here in years.

 

True-er words have never been spoken....the TA was proof of a far-too-cozy relationship with Management!

 

What the 2015 NC figured out???? You mean the contract that barely passed by the same percentage that TA2023 failed by. The 2015 NC/MEC said it was a line in the sand for the company, not that they (the MEC/NC) thought it was too expensive.

How much does it cost the company??? They tell shareholders in required SEC filings that it is too difficult to forecast the costs of the pension plan. To this day, even the current saviors on the MEC haven't produced a cost. They have even stated that they do not intend to reduce any retirement benefit from the rejected TA. They have stated that there is a plan on the table that they think the company will like and that the MEC supports from the most junior to the most senior representative. So, why is it a secret?

With a pension, the company inherites the investment and longevity risks. With a DC plan, the individual inherites both. But hey, pilots are the best at everything, including investing, so what is there to worry about??? LOL!!!

 

You can hire a reputable financial advisor firm to manage all your DC money. It’s your money.

With a pension, you die before retirement, your wife gets half of your accrued benefits. Both you and your wife die shortly after retirement, your family gets nothing. As you mentioned, your retirement depends on the financial health and longevity of the company. For someone young, that could be another 50 years.

Why in the world would that person want their retirement money dependent on their employer, when it could be theirs immediately in a DC plan?

 

Good thing it isn't an either/or proposition, amirite?

 

This is true lanyard material, right here.

 

You have 12% DC. We have 9%. We are pension heavy.

 

Whatever the pension costs the company we only get 25% of what they spend. Personally I would like to get every penny that the company puts toward retirement in my account.

 

it amazes me alpa can’t come up with a figure of how much the pension costs.

 

no idea if your % is correct but I agree with this…