Some CAL pilots taking from The Man
05-25-2009 | 06:59 AM
#22
Looking for a laugh
Joined: Feb 2008
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Unfortunely precedent is on management's side. THis case has already played out in this industry as well as others and the courts sided with management.
05-25-2009 | 08:18 AM
#23
Gets Weekends Off
Joined: Feb 2008
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Yup, at UAL with IAM members in the bankruptcy. I haven't heard anything about the DAL guys that were terminated, but none of them are back on the property after nearly 2 years.
05-26-2009 | 07:28 PM
#25
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05-26-2009 | 08:20 PM
#26
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"...divorces so their ex-spouses could collect their retirement benefits..."
Is it just me or is this horseshlt? So if I get married and eventually divorce my ex could possibly get my retirement benefits.
Note to self, never get married.
Is it just me or is this horseshlt? So if I get married and eventually divorce my ex could possibly get my retirement benefits.
Note to self, never get married.
05-26-2009 | 09:17 PM
#27
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From: 737 Capt
In most states if you get married 1/2 of anything acquired during the marriage is hers (or his as appropriate) ...... This would include 401k, defined benefits, houses, etc. The there is that other problem of alimony.
05-27-2009 | 01:53 AM
#28
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From: 737 CA MIA
05-27-2009 | 03:43 AM
#29
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05-27-2009 | 03:59 AM
#30
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Joined: Feb 2006
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From: B-737NG preferably in first class with a glass of champagne and caviar
Houses, cars, bank accounts etc... yes. But qualfied retirement plans are treated differently.
As per the Qualified Domestic Relations Order, a calculation is made to determine what the actuarial equivalent of a participant’s projected monthly retirement benefit would if the joint and 50% survivor annuity option were elected at the time of separation.
The lump sum equivalent the aggrieved spouse is entitled to is less than 50% of the present value of the participant’s total accrued benefit in the case of a defined benefit pension plan, and less than 50% of the account balance contained in an account under a defined contribution plan.
That’s where a good ERISA attorney, and Actuary come into play.
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