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is this true.......
is this true that as commercial airline pilots go older......the intrest of the airline companies on them goes down and their pays too.....because they need young pilots.????
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It's true
Originally Posted by bluffmaster
is this true that as commercial airline pilots go older......the intrest of the airline companies on them goes down and their pays too.....because they need young pilots.????
Welcome bluffmaster. It is true that as pilots get older the companies get more tired of them. After turning 50, airlines begin to reduce the pay of their pilots until, at age 59, they are only making 10 percent of what they made 9 years ago. The airlines take all this money and gives it to the young pilots in annual bonus checks which are distributed on the third Sunday of each November. The young pilots are then expected to save this money so that when they are 59 they will not have to suffer financially. See how this works! |
I'm saving like crazy because I'm getting close to 50. Golly I wish, I wish, I wish the company liked me. Why are they so mean? I think I'll have to quit if my pay goes down much more.
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I'm very close to an upper management position having taken the leap from the cockpit years ago. Meanwhile, I've been sucking the teets of upper management so I can payback all of those younger pilots who took our great pay!! Within a year, I expect to help phase in new pay schedules to put those young new-hires in their place and restore the proper respect to those who have flow for years with the company.
This is all fact. |
Originally Posted by calcapt
Welcome bluffmaster. It is true that as pilots get older the companies get more tired of them. After turning 50, airlines begin to reduce the pay of their pilots until, at age 59, they are only making 10 percent of what they made 9 years ago. The airlines take all this money and gives it to the young pilots in annual bonus checks which are distributed on the third Sunday of each November. The young pilots are then expected to save this money so that when they are 59 they will not have to suffer financially. See how this works!
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What is this hogwash?! hahaha.
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Here at Southwest, we do everthing a little differently, so we started a program where we can have our pay reduced at 45 and deferred to the younger guys. The benifit of this is that we can become used to working for less earlier and then it's not such a big shock when we turn 50. It's a really great program. If the age-60 legislation passes we will have the opportunity to work past age 60 but we will have to pay for the aviation fuel with our own credit card. Just think of the airline miles one could accumulate purchasing 28,000 puonds of jet fuel.
Welcome to the forum.:D |
Originally Posted by SWAcapt
Here at Southwest, we do everthing a little differently, so we started a program where we can have our pay reduced at 45 and deferred to the younger guys. The benifit of this is that we can become used to working for less earlier and then it's not such a big shock when we turn 50. It's a really great program. If the age-60 legislation passes we will have the opportunity to work past age 60 but we will have to pay for the aviation fuel with our own credit card. Just think of the airline miles one could accumulate purchasing 28,000 puonds of jet fuel.
Welcome to the forum.:D Southwest is a truely different but amazing airline. |
Originally Posted by calcapt
Welcome bluffmaster. It is true that as pilots get older the companies get more tired of them. After turning 50, airlines begin to reduce the pay of their pilots until, at age 59, they are only making 10 percent of what they made 9 years ago. The airlines take all this money and gives it to the young pilots in annual bonus checks which are distributed on the third Sunday of each November. The young pilots are then expected to save this money so that when they are 59 they will not have to suffer financially. See how this works!
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Why?
Originally Posted by SWAcapt
Here at Southwest, we do everthing a little differently, so we started a program where we can have our pay reduced at 45 and deferred to the younger guys. The benifit of this is that we can become used to working for less earlier and then it's not such a big shock when we turn 50. It's a really great program. If the age-60 legislation passes we will have the opportunity to work past age 60 but we will have to pay for the aviation fuel with our own credit card. Just think of the airline miles one could accumulate purchasing 28,000 puonds of jet fuel.
Welcome to the forum.:D Why is it that SWA always has to be different? I am going to present a proposal to the union to see your 45 and raise (lower in this case) you to 44. Since I am 47 I realize that I would owe three years new pilot back pay if it changes but hey, nothing is too good for our new pilots. Hey, I have another idea! If I quit today and was rehired as a "NEW" pilot, I wouldn't owe the backpay and I would then receive the new pilot supplemental pay until I was 50, or 44 or whatever. It is so confusing. You see at CAL we have a "new pilot" exemption that designates you "new" for five years; therefore, I only have to quit and get re-hired three more times to complete a career without taking the "supplement the new pilots" pay cuts. I will have to crunch the numbers but I think I am on to something here. If age 60 plus comes to CAL, we already have a proposal before the MEC to put our 10 percent remaining salary toward a management stock option fund. Here's how it works: Management takes our money and has the option to buy stocks for themselves or simply take the money in a cash payout. That's why they call it a stock option you see. And we, unlike SWA don't have to pay for jet fuel. Most pilots at CAL don't have good credit; therefore, no credit cards. We pay for landing fees and meals at mealtime for our passengers and have the company make the deductions via payroll deduct. Additionally, the company is updating the software in the FMC to accept routing number and checking account information from both pilots. Upon touchdown the FMC initiates a bank withdrawl request from whoever flew that particular leg. If that day comes I can assure you that my FO's will be getting 99 percent of the legs. This is information that guys like bluffmaster need to know. I didn't learn any of this stuff until I got on the line and by the time I figured it out SkyHigh wasn't hiring anymore - Just my luck... |
I gotta tell ya, being a 2nd year FO is the life! I have no idea what to do with all this money!!! :rolleyes:
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Originally Posted by calcapt
Why is it that SWA always has to be different? I am going to present a proposal to the union to see your 45 and raise (lower in this case) you to 44. Since I am 47 I realize that I would owe three years new pilot back pay if it changes but hey, nothing is too good for our new pilots. Hey, I have another idea! If I quit today and was rehired as a "NEW" pilot, I wouldn't owe the backpay and I would then receive the new pilot supplemental pay until I was 50, or 44 or whatever. It is so confusing. You see at CAL we have a "new pilot" exemption that designates you "new" for five years; therefore, I only have to quit and get re-hired three more times to complete a career without taking the "supplement the new pilots" pay cuts. I will have to crunch the numbers but I think I am on to something here. If age 60 plus comes to CAL, we already have a proposal before the MEC to put our 10 percent remaining salary toward a management stock option fund. Here's how it works: Management takes our money and has the option to buy stocks for themselves or simply take the money in a cash payout. That's why they call it a stock option you see. And we, unlike SWA don't have to pay for jet fuel. Most pilots at CAL don't have good credit; therefore, no credit cards. We pay for landing fees and meals at mealtime for our passengers and have the company make the deductions via payroll deduct. Additionally, the company is updating the software in the FMC to accept routing number and checking account information from both pilots. Upon touchdown the FMC initiates a bank withdrawl request from whoever flew that particular leg. If that day comes I can assure you that my FO's will be getting 99 percent of the legs. This is information that guys like bluffmaster need to know. I didn't learn any of this stuff until I got on the line and by the time I figured it out SkyHigh wasn't hiring anymore - Just my luck...
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yup
Originally Posted by Boneman
You have way too much time on your hands. Shouldn't you be looking at open time or something?
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At the New US Airways we are thinking outside the box, just like the World's Largest Low Cost Full Service Low Paid Airline (tm) should. Instead of going to new hire pay (we won't have those guys for quite a while) our paychecks will instead go into the CEO compensation program. Since Doug Parker just announced compensation of over 3.5 million dollars it will take a lot of sacrifice from the pilot group but by golly we are all over this like a jimmy hat.
Here at the New Us Airways remember that bonus is 2 words : Bone - us. |
plan
Originally Posted by cactusmike
At the New US Airways we are thinking outside the box, just like the World's Largest Low Cost Full Service Low Paid Airline (tm) should. Instead of going to new hire pay (we won't have those guys for quite a while) our paychecks will instead go into the CEO compensation program. Since Doug Parker just announced compensation of over 3.5 million dollars it will take a lot of sacrifice from the pilot group but by golly we are all over this like a jimmy hat.
Here at the New Us Airways remember that bonus is 2 words : Bone - us. Sounds like a progressive business plan. Doug Parker has to eat too you know! |
Since a 30 year career is worth about 5 million dollars including retirement. We have negotiated a interesting pay scale at our airline. First year pay is 3 million but then never get any more money. It works out because you can invest the money and make out OK.
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