Quote:
Originally Posted by Tuck
So let's see you can delay negotiations and help out the very few amount of members that would benefit by extending the FDA clause at the detriment to the rest of the crew force that would want improvements.
Sounds a bit like your current CBA - get that FDA written in ink for the few that will retire under it and give absolutely zero improvements in retirement to all the rest. Not looking so smart right now.
Highly doubtful that IPA would be the party that delays/drags out negotiations.
As for our current CBA...
half the pilot group on property when Contract 2016 was ratified will turn 60 by 31 Dec 2023, entitling them to retire with Flat Dollar Amount. If we end up with another "ten year contract", the percentage eligible for flat dollar amount under the LOA would be north of 65%. Of course this
might dictate some retiring earlier than desired to secure the benefit depending on negotiation outcome and timing...but in the event of such outcome (unlikely IMO), at least many will have a choice.
Regulatory retirements by governmental alphabets like IRS and ERISA that make extending a flat dollar amount beyond "life of the contract" exceedingly difficult if not practically impossible...not that such reality matters to some.
Age 65 retirements start a decade-long wave in 2024; demographics will dictate retention (if not improvement) of the flat dollar retirement as a main priority in the next contract.
The retirement sky ain't falling.