DAL/NWA early out?

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05-13-2009 | 02:35 PM

#81

dragon

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From: Dismayed

Quote:

Originally Posted by johnso29

Is ACL65 on vacation? I haven't seen him post in forever. I'm not sure if thats good or bad.

I've seen him post on one or two threads here recently but a bit more on FI. I'm hoping the silence is from too much typing and not much coming out of the 4th floor.

05-13-2009 | 08:14 PM

#82

Bigflya

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Quote:

Originally Posted by finis72

I guess I'm one of those idiots but riddle me this Bigflya.how come I'm much better off financially by staying than I would have been by taking the money and finding another job? I speak from experience not from the hip.
I think this package is aimed at our Northern brothers,they still have a pension so it makes sense.The big D would have to cough up a lot of cash to buy the Southern guys off and that ain't going to happen.

I was referring to the DAL buyout pre-bk in around 2005 where guys were getting bought out and left with the big lump sum of their pensions before the plan was flushed. Not any of the recent employee offerings where pilots were not eligible. Some guys rolled the dice that the pension would still be there when they retired and we all know how that turned out. Guys were basically working for free when they factored in how much they left on the table. This is what I garnered from other DAL pilots as I was not here then. I agree that almost no south guys will take the buyout but in any group there is always that one guy. So I'm banking on moving up one number.

05-14-2009 | 04:42 AM

#83

finis72

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From: 777 Sim Instructor

Bigflya, I was/am one of those guys and I promise you I am not working for free.Of the 500 or so that were able to go but stayed I could make a blanket statement and say every one of us are very glad we stayed.On the contrary,very few of the the guys that took the money and ran are glad they left.Who could have forseen age 65,the claim,the note,stock etc. This is all old news,let's move on to more important issues like scope,money,retirement etc.

05-14-2009 | 04:47 AM

#84

newKnow

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From: 765-A

Speaking of Age 65, has any resolution passed any faster, other than the one to go to war against Japan after Pearl Harbor? By the time I got the email it was too late.

05-14-2009 | 05:04 AM

#85

tomgoodman

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From: 767A (Ret)

It's not bad at all

Quote:

Originally Posted by finis72

On the contrary,very few of the the guys that took the money and ran are glad they left.Who could have forseen age 65,the claim,the note,stock etc.

It's true that many of us who left discovered that we could have made a lot more money had we stayed, due to the factors you mention. But you would be surprised at how happy we are to be retired, even with a greatly reduced income. I went (reluctantly) at 55, and had no idea how tired I had become of commuting, hotel rooms, etc. until that all disappeared.

05-14-2009 | 05:20 AM

#86

finis72

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From: 777 Sim Instructor

tomgoodman, I was just talking money not qol.If our original retirement was still there I would be the proverbial dot on the horizon for the reasons you mention.

05-14-2009 | 05:39 AM

#87

Tomcat

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From: 320B

Quote:

Originally Posted by tomgoodman

Hey Tom, I'll turn 50 later this year and at that point in my life where I really enjoy flying at Delta, but also thinking about what I would like to do with the balance of my life. For me, playing golf or fishing don't fit into the equation, many other irons in the fire, many more things I want to accomplish.

It's encouraging that your enjoying a well deserved retirement. I alway enjoy your input into the forum. All the best.

05-14-2009 | 06:53 AM

#88

acl65pilot

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Joined: Jun 2006

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From: A-320A

Quote:

Originally Posted by dragon

I've seen him post on one or two threads here recently but a bit more on FI. I'm hoping the silence is from too much typing and not much coming out of the 4th floor.

I am here, I am just not posting. Probably a little less information from me from here on out!

05-14-2009 | 07:39 AM

#89

AV8ER13

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From: NWA 747-200 SO

Quote:

Originally Posted by Bucking Bar

While the PERP is a genuine, mutually beneficial, offer, I expect management will remind us "we tried to mitigate furloughs" when the notices go out.

The non public investment newsletters have been saying "get out - this is not nearly over, not by a long shot... . The financial houses are distorting the truth and their reports are misleading the market recovery... ."

Ok, pls share your confidential news letter source...