Spirit of NKS, Part II
12-09-2015 | 08:59 AM
#1611
Gets Weekends Off
Joined: Jun 2015
Posts: 378
Likes: 0
From: A320 Right
The LTD proposal is a joke as well. The buy up is only available with a 15% pilot group participation, so might as well consider that to be not an option to buy up.
So you are left with $5,000 a month from the company until social security benefits. What is $5,000 a month going to do today to support a family? How about in 20, 30 years? This is taxable so basically you will be living on 2nd year FO pay, hope you have a second career picked out.
If you are a CA, making $200k a year, a $5,000 a month LTD is the same as a 30% monthly payout on your salary. How many feel that 30% will take care of your family's needs for the next 30 years?
So you are left with $5,000 a month from the company until social security benefits. What is $5,000 a month going to do today to support a family? How about in 20, 30 years? This is taxable so basically you will be living on 2nd year FO pay, hope you have a second career picked out.
If you are a CA, making $200k a year, a $5,000 a month LTD is the same as a 30% monthly payout on your salary. How many feel that 30% will take care of your family's needs for the next 30 years?
2nd, if we pay for the fees the benefit is tax free. If it's company paid then it's generally not. The statement was vague so it's unclear how it would be structured. The idea of having "own occupation" to 65 is a big plus.
Like they say the devil is in the details. The rest of this offer is embarrassing tho.
12-09-2015 | 09:01 AM
#1612
Gets Weekends Off
Joined: Jun 2010
Posts: 1,577
Likes: 0
A month ago everyone would have sneered at the idea of b6 2016 rates. Now it's a goal.
Bendo : 1 ALPA : 0
- 7:00 left in the first quarter
12-09-2015 | 09:04 AM
#1613
Gets Weekends Off
Joined: Jul 2015
Posts: 168
Likes: 0
From: DTW Left
Not sure I agree with this. 1st, a 15% participation requirement seems low. Especially after reading about the stuff here. Everyone agrees it's important and needed. This leads me to think we'd have more that 80% sign up.
2nd, if we pay for the fees the benefit is tax free. If it's company paid then it's generally not. The statement was vague so it's unclear how it would be structured. The idea of having "own occupation" to 65 is a big plus.
Like they say the devil is in the details. The rest of this offer is embarrassing tho.
2nd, if we pay for the fees the benefit is tax free. If it's company paid then it's generally not. The statement was vague so it's unclear how it would be structured. The idea of having "own occupation" to 65 is a big plus.
Like they say the devil is in the details. The rest of this offer is embarrassing tho.
12-09-2015 | 09:39 AM
#1615
ULTP-Ultra Low Tier Pilot
Joined: Dec 2007
Posts: 3,228
Likes: 0
Not sure I agree with this. 1st, a 15% participation requirement seems low. Especially after reading about the stuff here. Everyone agrees it's important and needed. This leads me to think we'd have more that 80% sign up.
2nd, if we pay for the fees the benefit is tax free. If it's company paid then it's generally not. The statement was vague so it's unclear how it would be structured. The idea of having "own occupation" to 65 is a big plus.
Like they say the devil is in the details. The rest of this offer is embarrassing tho.
2nd, if we pay for the fees the benefit is tax free. If it's company paid then it's generally not. The statement was vague so it's unclear how it would be structured. The idea of having "own occupation" to 65 is a big plus.
Like they say the devil is in the details. The rest of this offer is embarrassing tho.
And I hope that 15% would sign up, but because I have no way of knowing, I consider it to be not reliable enough to bank future payments on it.
12-09-2015 | 09:41 AM
#1616
Banned
Joined: Jan 2008
Posts: 784
Likes: 0
From: A-320
Honestly I'd have settled for jet blue rates early on with all else remaining the same and some retirement DC. My expectations have now gone to industry leading since we're going to be waiting for a year plus at this point. I'll now happily strike for industry leading at DOS and have no more sympathy for management and their insulting offers.
12-09-2015 | 09:45 AM
#1617
Line Holder
Joined: Feb 2012
Posts: 34
Likes: 0
From: Front site
The proposal is insulting, do doubt about that. Especially the pay scale, including the top heavy rates. But do you expect anything different considering two of the three negotiators are in the top 15% of the seniority list? They get a nice bump while the MAJORITY of the seniority list gets the shaft.
12-09-2015 | 09:48 AM
#1618
Line Holder
Joined: Dec 2014
Posts: 93
Likes: 0
Even if taxes arent withheld from the paycheck, I assume Uncle Sam would still want his cut at the end of the year when those earnings are reported.
And I hope that 15% would sign up, but because I have no way of knowing, I consider it to be not reliable enough to bank future payments on it.
And I hope that 15% would sign up, but because I have no way of knowing, I consider it to be not reliable enough to bank future payments on it.
If the company pays for it then it is considered a before tax event and then it would be taxed as regular income.
12-09-2015 | 09:50 AM
#1619
Banned
Joined: Jan 2008
Posts: 784
Likes: 0
From: A-320
The proposal is insulting, do doubt about that. Especially the pay scale, including the top heavy rates. But do you expect anything different considering two of the three negotiators are in the top 15% of the seniority list? They get a nice bump while the MAJORITY of the seniority list gets the shaft.
12-09-2015 | 10:05 AM
#1620
New Hire
Joined: Dec 2015
Posts: 3
Likes: 0
Action is what counts
It seems to me, that since we are a long time from a strike, we should help the FA's who haven't received an updated contract in 9 yrs. If they shut down the airline, we can all picket together and tank the stock price even further. This will bring the pressure needed to settle labor disputes.
I'm even ok with being bought out at this point.
I'm even ok with being bought out at this point.
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