6.5% vs. 11%
06-30-2008, 04:40 AM
#11
New Hire
Joined APC: Feb 2008
Posts: 3
Carl, GMAFB. NWA ALPA didn't decide it was fair to take "your" DC plan and give it to the junior pilots. From your previous posts it's obvious you were a yes voter. That means you agreed to the entire POS TA which we now have (which by the way spelled out how the new retirement system would work). It is you who should thank the junior pilots for saving your retirement. Please don't try to rewrite history on this board. You pulled up the ladder and now must live with your decision to vote yes!
06-30-2008, 05:57 AM
#12
Line Holder
Joined APC: Sep 2007
Posts: 75
Originally Posted by Carl Spackler
Hey Rotorhead, Slowplay is 100% correct and YOU know it.
NWALPA decided it was fair to take my DC plan and give it to you. How about this for a response from you: "Thank you very much for helping out us junior pilots...I'll just shut up now and try to learn something. Sincerely, Rotorhead."
Feel free to copy this and paste it as often as you like.
Carl
NWALPA decided it was fair to take my DC plan and give it to you. How about this for a response from you: "Thank you very much for helping out us junior pilots...I'll just shut up now and try to learn something. Sincerely, Rotorhead."
Feel free to copy this and paste it as often as you like.
Carl
Even with your DC money I will get about 37% FAE at my reduced rate when I retire.
What are you getting?
Oh, and thank you so much from a junior pilot.
IM
06-30-2008, 07:46 AM
#13
Gets Weekends Off
Joined APC: Nov 2005
Posts: 2,002
Originally Posted by slowplay
I guess you don't understand your own plan.
Those guys at the top with DB greater than 50% are getting ZERO in DC because of targeting. You, however, are probably getting a lot more than 6.5%, as the money those senior guys would otherwise be getting is being allocated to you.
The total pot of money being given to NWA pilots (DB funding plus DC funding) is probably greater than the total pot of money being paid to Delta pilots through DC in this contract. Are you sure you want to whine about what you're bringing over?
So back at ya. Can you explain to me why a Delta guy would accept NWA pilots being given more in retirement than they are?
Those guys at the top with DB greater than 50% are getting ZERO in DC because of targeting. You, however, are probably getting a lot more than 6.5%, as the money those senior guys would otherwise be getting is being allocated to you.
The total pot of money being given to NWA pilots (DB funding plus DC funding) is probably greater than the total pot of money being paid to Delta pilots through DC in this contract. Are you sure you want to whine about what you're bringing over?
So back at ya. Can you explain to me why a Delta guy would accept NWA pilots being given more in retirement than they are?
06-30-2008, 08:55 AM
#14
Back on TDY
Joined APC: Apr 2008
Position: 747-400 Captain
Posts: 12,487
Originally Posted by SteveGra
Carl, GMAFB. NWA ALPA didn't decide it was fair to take "your" DC plan and give it to the junior pilots. From your previous posts it's obvious you were a yes voter. That means you agreed to the entire POS TA which we now have (which by the way spelled out how the new retirement system would work). It is you who should thank the junior pilots for saving your retirement. Please don't try to rewrite history on this board. You pulled up the ladder and now must live with your decision to vote yes!
I'm sending the bottom half of the NWA list ALL of my DC money, yet I need to thank YOU for saving MY pension? Alrighty then.
I don't think the average junior NWA pilot is so ungrateful and filled with an infinite entitlement complex such as your's. It would be nice to exempt the massively ungrateful types such as yourself.
Carl
06-30-2008, 09:01 AM
#15
Back on TDY
Joined APC: Apr 2008
Position: 747-400 Captain
Posts: 12,487
Originally Posted by Invisible Man
Carl,
Even with your DC money I will get about 37% FAE at my reduced rate when I retire.
What are you getting?
Oh, and thank you so much from a junior pilot.
IM
Even with your DC money I will get about 37% FAE at my reduced rate when I retire.
What are you getting?
Oh, and thank you so much from a junior pilot.
IM
As you correctly state 37% is better than you would have gotten without being given ALL the DC contributions from people like me. Your welcome.
And by the way, I think I'll get about 51% FAE.
Carl
06-30-2008, 12:30 PM
#17
Line Holder
Joined APC: Sep 2007
Posts: 75
Originally Posted by Carl Spackler
Why is that IM? Could it be because I've been here over 25 years and you haven't? I'd love to have a military pension because it's guaranteed and I would never have to worry about the PBGC. Just one problem, I'm not eligible for one under the rules of military pensions. You're getting what you are getting because that was the rules that pertained to everyone (including me when I had your length of service).
As you correctly state 37% is better than you would have gotten without being given ALL the DC contributions from people like me. Your welcome.
And by the way, I think I'll get about 51% FAE.
Carl
As you correctly state 37% is better than you would have gotten without being given ALL the DC contributions from people like me. Your welcome.
And by the way, I think I'll get about 51% FAE.
Carl
I wont have a military pension either and I will have 25+ years of service just like you when I retire. And I will still only have 37% FAE even with "your" money.
I think it would have been better to dump your pension and have better work rules and pay now like Delta does. Then I also would not have to listen to you tell us how much we should be kissing you but.
IM
06-30-2008, 12:33 PM
#18
Line Holder
Joined APC: Mar 2008
Position: 744B
Posts: 51
Originally Posted by slowplay
I guess you don't understand your own plan.
Those guys at the top with DB greater than 50% are getting ZERO in DC because of targeting. You, however, are probably getting a lot more than 6.5%, as the money those senior guys would otherwise be getting is being allocated to you.
The total pot of money being given to NWA pilots (DB funding plus DC funding) is probably greater than the total pot of money being paid to Delta pilots through DC in this contract. Are you sure you want to whine about what you're bringing over?
So back at ya. Can you explain to me why a Delta guy would accept NWA pilots being given more in retirement than they are?
Those guys at the top with DB greater than 50% are getting ZERO in DC because of targeting. You, however, are probably getting a lot more than 6.5%, as the money those senior guys would otherwise be getting is being allocated to you.
The total pot of money being given to NWA pilots (DB funding plus DC funding) is probably greater than the total pot of money being paid to Delta pilots through DC in this contract. Are you sure you want to whine about what you're bringing over?
So back at ya. Can you explain to me why a Delta guy would accept NWA pilots being given more in retirement than they are?
How much will the bonds Delta took out when they terminated the pension cost the new company?
06-30-2008, 12:38 PM
#19
Line Holder
Joined APC: Sep 2007
Posts: 75
Originally Posted by Eric Stratton
Carl what will a new hire nwa pilot have at the end of their career if it was the same length of your time? will it be more or less then what you are getting? I don't know the answer that's why I am asking.
eric
eric
The question should be: What will a junior NWA pilot hired under the same contract as Carl get at retirement? It was 60% FAE, then after BK it went to 50%. Somehow I'm projected to get 37%. And Carl thinks I owe him a big thank you.
IM
06-30-2008, 12:44 PM
#20
Gets Weekends Off
Joined APC: Feb 2008
Posts: 2,539
Originally Posted by NwaBusDriver
How much will the bonds Delta took out when they terminated the pension cost the new company?
