Norwegian OSM...
02-14-2019, 05:51 AM
#51
Gets Weekends Off
Joined APC: Nov 2013
Position: A320 Left seat
Posts: 2,580
Originally Posted by symbian simian
Yes you do. The legacies carriers in the EU still have defined benefit plans. Most of the EU regionals are on the legacy seniority list. KLM retirement plan is you stop working at age 57 and get 65% for the rest of your life. Not something I will get. Be proud of flying for $20/hr at a crappy regional and having to wait 9 years to make a decent pay check.
Selling out half the domestic flying and promoting "Flying the line", priceless
Selling out half the domestic flying and promoting "Flying the line", priceless
02-14-2019, 07:07 AM
#52
Line Holder
Joined APC: Feb 2013
Position: A320 Left
Posts: 97
Originally Posted by symbian simian
Yes you do. The legacies carriers in the EU still have defined benefit plans. Most of the EU regionals are on the legacy seniority list. KLM retirement plan is you stop working at age 57 and get 65% for the rest of your life.
Lufthansa recently abolished their defined benefit plan in favor of a defined contribution one, and retirement age has been upped to 65 quite a few years ago, with an avery of over 60 by now. BA has been out of a defined benefit plan since 2009 or so. And Iberia, well, they lost pretty much every battle they tried to fight. Not to mention, Alitalia has been in bankruptcy proceedings for years, with a consortium of Delta and easyJet now doing the final negotiations about a possible take over. Sabena went down with Swissair, but i have to say, no idea about SAS, although their conditions are quite horrible, even most LCCs pay better by now.
02-14-2019, 01:42 PM
#53
Line holder
Joined APC: Nov 2013
Position: On the bus,seat 0A
Posts: 3,228
Originally Posted by Denti
Well, KLM is very unique in that point, especially that that retirement age has been held up in court is extremely unusual. Air France, as part of the same group, might be still in a somewhat similar situation, the rest of the legacy carriers is not.
Lufthansa recently abolished their defined benefit plan in favor of a defined contribution one, and retirement age has been upped to 65 quite a few years ago, with an avery of over 60 by now. BA has been out of a defined benefit plan since 2009 or so. And Iberia, well, they lost pretty much every battle they tried to fight. Not to mention, Alitalia has been in bankruptcy proceedings for years, with a consortium of Delta and easyJet now doing the final negotiations about a possible take over. Sabena went down with Swissair, but i have to say, no idea about SAS, although their conditions are quite horrible, even most LCCs pay better by now.
Lufthansa recently abolished their defined benefit plan in favor of a defined contribution one, and retirement age has been upped to 65 quite a few years ago, with an avery of over 60 by now. BA has been out of a defined benefit plan since 2009 or so. And Iberia, well, they lost pretty much every battle they tried to fight. Not to mention, Alitalia has been in bankruptcy proceedings for years, with a consortium of Delta and easyJet now doing the final negotiations about a possible take over. Sabena went down with Swissair, but i have to say, no idea about SAS, although their conditions are quite horrible, even most LCCs pay better by now.
02-27-2019, 04:32 AM
#54
Gets Weekends Off
Joined APC: Nov 2009
Posts: 5,187
Originally Posted by symbian simian
I left the EU for the US about 15 years ago, not money, family reasons. I guess back then the EU was waaay better, sad to see it's gone down the hill so much. When I got here I flew corporate with a lot of guys that had to go back to work after losing their pension, guys that got stuck in the regional hell for a decade, guys that were on furlough for 10+ years. Right now the US is definitely a good place to work, hopefully the EU can find it's way back.
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