This TA will be ratified
#41
I assume you were poorly served by ALPO, work for a non union carrier or some 91 owner/operator and see how great negotiating your own deal is. Let us know how good you have it.
#42
#44
Gets Weekends Off
Joined APC: Aug 2006
Posts: 597
4% rule
True you need that much if you do not touch the principle. Are you saying that is what the company has to put up for us to draw on?
If you are using that number for what you personally would need to achieve $130k a year? If it is in your account you should realistically be drawing down the principle over time. So to achieve $130k a year assuming 4% returns over 25 years ( assuming you live 25 years after you retire) you would need $2.1M. That is why trying to go with only a B fund to live off of is almost impossible to make up the difference.
If you throw in our current B Fund (25 year WB capt should have close to $900k in it) plus our A fund you could never match that with just a B fund.
I would like to see our B Fund keep increasing and the company contribute cash over cap which we could put into a IRA to help offset inflation.
This would keep the accountants happy because it would not increase the liability for the company, mean while allowing us to stave off the effects of inflation on our a Fund.
If you are using that number for what you personally would need to achieve $130k a year? If it is in your account you should realistically be drawing down the principle over time. So to achieve $130k a year assuming 4% returns over 25 years ( assuming you live 25 years after you retire) you would need $2.1M. That is why trying to go with only a B fund to live off of is almost impossible to make up the difference.
If you throw in our current B Fund (25 year WB capt should have close to $900k in it) plus our A fund you could never match that with just a B fund.
I would like to see our B Fund keep increasing and the company contribute cash over cap which we could put into a IRA to help offset inflation.
This would keep the accountants happy because it would not increase the liability for the company, mean while allowing us to stave off the effects of inflation on our a Fund.
#45
On Reserve
Joined APC: Jan 2011
Posts: 13
HKG Roadshow, Albie?
Albie, many of us APC stalkers are waiting for what you think after attending the HKG roadshow. Having taken your interview class 5 years' ago and reading your posts here over the years, you can always be counted on to have well thought out posts, lacking the "grumpiness" and selfish myopia of some of certain posters. What are your thoughts after the roadshow?
#46
Gets Weekends Off
Joined APC: Jul 2014
Posts: 296
Neither FH nor PG understand the time value of money. That's a certainty. It's a diminishing commodity/benefit. Looking at alternative solutions is appropriate but the TA as is ... represents mediocrity.
A full buyout of the A plan for each pilot gives me today's dollars ... That coupled with a significantly enhanced B plan - I'm interested. You might not be.
If you want to go down with the A plan sinking ship of diminished value based on COLA, then that should be your choice.
It's not BS nor is it foolishness. They are options based on intelligence and reality. But feel free to beat your chest and yell at the top of your lungs - once you disappear under the waves ... no one will hear you.
Isn't FH retired? Man I hope I've got better things to do in retirement than hang out here.
A full buyout of the A plan for each pilot gives me today's dollars ... That coupled with a significantly enhanced B plan - I'm interested. You might not be.
If you want to go down with the A plan sinking ship of diminished value based on COLA, then that should be your choice.
It's not BS nor is it foolishness. They are options based on intelligence and reality. But feel free to beat your chest and yell at the top of your lungs - once you disappear under the waves ... no one will hear you.
Isn't FH retired? Man I hope I've got better things to do in retirement than hang out here.
And yes, FH is retired and I have no idea why anyone would continue to post here after the are retired. Lurk yes, but to try to influence a contract they can't vote on, you got me.
#47
4% Rule of thumb is not about portfolio return, and it's not about leaving principle untouched.
http://www.nytimes.com/2015/05/09/yo...rule.html?_r=0
http://www.nytimes.com/2015/05/09/yo...rule.html?_r=0
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