Retirement comparisons- DAL vs. NWA

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11-15-2008, 01:16 PM

#21

Kingbird87

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Joined APC: Mar 2008

Position: A330B

Posts: 210

Soup, For what it's worth, the only wise financial decision I ever made was staying in the ANG for the retirement. Even a broken clock is right twice a day, and I got that one right. Luckily, the unit was in MEM where i've been based, and my wife supported it. If all these ducks get in a row, I get to retire, if not my kids get no inheritance and the new hires hate on my grave. Ain't nothin but a thng.

11-16-2008, 12:48 PM

#22

NoSoupForYou

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Thread Starter

Joined APC: Apr 2008

Position: DAL 7ER F/O

Posts: 92

I'm starting to get a bad feeling here. Why would no 1989 or 1990 NWA hires want to compare their frozen DB to my PBGC benefit? Is it really that much more than my $2,700/month? Come on- I can take it!

Soup

11-16-2008, 04:24 PM

#23

Kingbird87

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Joined APC: Mar 2008

Position: A330B

Posts: 210

I don't believe that you are far off, the penalty under 25 years vesting are not linear. I had 19 years at termination. I would guess the number was 3800-4500 frozen. Is not the PBGC benefit updated occasionally for inflation?

11-16-2008, 04:27 PM

#24

satchip

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Joined APC: Apr 2007

Position: Flying the SEC

Posts: 2,350

Soup, they are not answering because they have already retired. Didn't they all jump ship just before DCC?

PS it's a joke fellas. That 1000 will retire prediction will live on forever in the Doofer book.

11-16-2008, 04:45 PM

#25

Ferd149

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Joined APC: Apr 2008

Position: LAX ERA

Posts: 3,457

Quote:

Originally Posted by satchip

PS it's a joke fellas. That 1000 will retire prediction will live on forever in the Doofer book.

Yeah, wish I could find that guy and take away his fortune teller's license!

I was all set to head to 757 captain school based on that prediction.

11-16-2008, 05:52 PM

#26

NoSoupForYou

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Joined APC: Apr 2008

Position: DAL 7ER F/O

Posts: 92

Quote:

Originally Posted by Kingbird87

Is not the PBGC benefit updated occasionally for inflation?

Absolutely-freaking not- which I'm still trying to get my head around. As little as $2,700/month is now, imagine what a joke it will be in the year 2020.

Hey, but with my bankruptcy Note money decreasing at the rate of negative 30% or so per year, I guess the PBGC beer-money is the least of my worries, yes?

Soup

...and STILL waiting for any 1989 or 1990 NWA hires to post what their frozen DB monthly amount is...

11-16-2008, 07:43 PM

#27

newKnow

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Joined APC: Feb 2007

Position: 765-A

Posts: 6,844

Quote:

Originally Posted by NoSoupForYou

Soup

...and STILL waiting for any 1989 or 1990 NWA hires to post what their frozen DB monthly amount is...

Dude, I'm tellin' ya. Those guys don't have computers. They do their computer bidding at work in the computer room. They still have "beepers" and when they vibrate they go to the payphone to return the call. They despise cell phone users and say they would get one if only they didn't cost so much. They don't trust the FMC of their aircraft and lean over it and stare at it an extra few minuets after every input to make sure it went thru. They have email addresses, but never check them. Finially, the only reason they get on the internet is to read their local newspaper. (Even the most internet challenged pilot will find a way to read a free paper) APC is not on their radar. That of course only applies to our '89 and '90 hires. Any NWA pilot hired before or after is a bit more internet savy.

Ok. That will bring them out for sure.