6.5% vs. 11%
06-29-2008, 11:04 AM
#1
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Thread Starter
Joined APC: Dec 2007
Position: Delta Colors Busholio
Posts: 233
6.5% vs. 11%
Ok, so with the contract going to the pilots for vote, can anyone explain to me why NWA pilots would accept a 6.5% direct contribution and DAL would maintain 11%? I understand we have some fully vested guys at the top, but for those of us on the bottom with no defined benefits whatsoever, how can this be acceptable. Better yet, how is one to plan and prepare for the future with that kind of a match. My last regional airline put in 6%... This must be a f joke.
06-29-2008, 11:41 AM
#5
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Originally Posted by Rotorhead
Ok, so with the contract going to the pilots for vote, can anyone explain to me why NWA pilots would accept a 6.5% direct contribution and DAL would maintain 11%? I understand we have some fully vested guys at the top, but for those of us on the bottom with no defined benefits whatsoever, how can this be acceptable. Better yet, how is one to plan and prepare for the future with that kind of a match. My last regional airline put in 6%... This must be a f joke.
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?
06-29-2008, 12:38 PM
#6
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Rotorhead, I would suggest you ask your negotiating committee these questions. My understanding however is that because NWA still has their A plan it was decided to phase in the Delta DC plan. After the merger is complete and the phase in over NWA pilots will get more ongoing funding each year to retirement then Delta pilots. They will get the same DC funding as well as the annual payments required to make up for the 1.8 billion dollar funding shortage in the A plan. Some pilots at Delta view that as unfair.
06-29-2008, 01:28 PM
#7
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Posts: 4,099
Originally Posted by sailingfun
Rotorhead, I would suggest you ask your negotiating committee these questions. My understanding however is that because NWA still has their A plan it was decided to phase in the Delta DC plan. After the merger is complete and the phase in over NWA pilots will get more ongoing funding each year to retirement then Delta pilots. They will get the same DC funding as well as the annual payments required to make up for the 1.8 billion dollar funding shortage in the A plan. Some pilots at Delta view that as unfair.
You need to go to the DALPA forum. Roger White, the R&I guy, has a thread explaining how it is even.
06-29-2008, 04:19 PM
#8
Line Holder
Joined APC: Mar 2007
Position: B767 FO
Posts: 79
Originally Posted by Rotorhead
Okay, so my 4.5% less DC is to fund the guys with "reduced" benefits coming over from the NWA side?
Hello .82, two engine taxi and APU on for safety.
Hello .82, two engine taxi and APU on for safety.
Yeah, cause that is smart with $140 oil.
06-29-2008, 04:55 PM
#9
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Position: 737 Capt
Posts: 1,166
Originally Posted by PackTrip
Yeah, cause that is smart with $140 oil.
06-29-2008, 06:29 PM
#10
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Joined APC: Apr 2008
Position: 747-400 Captain
Posts: 12,487
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?
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
