53? Want a Retirement Bonus - Nope
09-03-2015, 05:47 AM
#31
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Joined APC: May 2006
Position: Chemtrailing since 1981
Posts: 181
Originally Posted by Laughing_Jakal
"Then they should have just said the bonus only applies for retirements after a pilot reaches 60 years of age. ..."
The Company has a history of dragging negotiations out well past the amendable dates of our contracts. With this TA, pilots that wish to retire at 60 in 2022-2024(ish) will be doing so without the SLB.
Last edited by fr8av8r; 09-03-2015 at 06:00 AM.
09-03-2015, 08:02 AM
#32
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Joined APC: Sep 2006
Posts: 1,336
Originally Posted by pipe
How about this proposition:
Let's have an airline contract in which everyone 37-44 years old receives a $100K bonus. No one else - just those guys.
Sound reasonable? No? Then why is it reasonable when it's a different age group?
Pipe
Let's have an airline contract in which everyone 37-44 years old receives a $100K bonus. No one else - just those guys.
Sound reasonable? No? Then why is it reasonable when it's a different age group?
Pipe
09-03-2015, 10:30 AM
#33
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Thread Starter
Joined APC: May 2006
Posts: 1,804
Answer as to why during the video conference today was to get funds to the guys retiring during the contract. Those under 54 would be able to capitalize on the 2% bump to B fund to get theirs with compounding.
What a crock of sh!t batman!
What a crock of sh!t batman!
09-03-2015, 12:29 PM
#35
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Joined APC: Jul 2006
Position: Dispersing Green House Gasses on a Global Basis
Posts: 1,918
Originally Posted by Busdrivr
I didn't get the VEBA deal either. But, I'll get this one. I was mad... now I'm glad. Just the way this contract works out for the people who will retire under this contract.
Flame away
Flame away
09-03-2015, 01:04 PM
#36
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Joined APC: Nov 2013
Posts: 2,756
Originally Posted by USMCFDX
Answer as to why during the video conference today was to get funds to the guys retiring during the contract. Those under 54 would be able to capitalize on the 2% bump to B fund to get theirs with compounding.
What a crock of sh!t batman!
What a crock of sh!t batman!
I was expecting some sort of reasonable explanation, but that answer was really terrible. I'm hoping they just answered it incorrectly. I' much rather hear that that was all the company was willing to give, than such a pathetic explanation. It sounds more like buying off the older guy vote.
09-03-2015, 01:23 PM
#39
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Joined APC: Nov 2014
Posts: 454
Originally Posted by pipe
How about this proposition:
Let's have an airline contract in which everyone 37-44 years old receives a $100K bonus. No one else - just those guys.
Sound reasonable? No? Then why is it reasonable when it's a different age group?
Pipe
Let's have an airline contract in which everyone 37-44 years old receives a $100K bonus. No one else - just those guys.
Sound reasonable? No? Then why is it reasonable when it's a different age group?
Pipe
09-03-2015, 01:39 PM
#40
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Joined APC: Nov 2014
Posts: 454
Originally Posted by USMCFDX
Answer as to why during the video conference today was to get funds to the guys retiring during the contract. Those under 54 would be able to capitalize on the 2% bump to B fund to get theirs with compounding.
What a crock of sh!t batman!
What a crock of sh!t batman!
53 year old (with 25 years) gets an extra 1% to B fund for next four years. I will use an average earning of 250,000 = 2,500 x 4 = 10,000
Age 57 gets 2% for next three years and retires at 60.
5000 x 3 = 15,000. Total = $25,000 extra in B fund.
Now a 54 year old gets 1% extra a year to B fund from 54 to 58 = $10,000 and 2% for subsequent two years if retires at 60 years old. 5000 x 2 = 10,000. total $20,000 extra B fund. Plus $30,000 extra bonus for being 54 with 25 years.
$50,000 vs. $25,000 for being one day older!
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