Originally Posted by SeamusTheHound

bump this post

Originally Posted by echoaviation

It's amazing how many captains I for with now that are factoring ppu into their monthly budget now. Seems a little short-sighted.

Originally Posted by FriendlyPilot

I don’t like it one bit. But given the current economic situation with a recession on the horizon, probably a long and deep one, getting anything is a win. People are saying that it barely beats inflation, but no pay raises is much worse with current inflation.

I’ll take the bird in the hand strictly based on the last 2 years economic condition of the company and the forward looking economic situation. Plus its only a 2 year deal so we restart negotiations hopefully right as the economy improves, Delta and American get some pay raises and the company has been profitable for a while.

Also getting something is a step and makes it easier to get our next step up, instead of trying to get it all in one shot in 3-4 years while having given up pay raises we would have had but turned down. 15% raises at the onset of an inflation for a company that has lost Billions in the last 2 years is something to think about.

I would like to vote no out of anger or spite, but it doesn’t gain us anything.

Originally Posted by Chowdah

I imagine most of TK will vote YES (no hard feelings), A fair amount of people with less than two years might still want a raise now, some reserves who live in base might like the look of the add pay, a handful of management types who think labor stability is more important than labor satisfaction, and lastly, those too lazy to change their vote.

I’d say that’ll get us to at least 30% YES voters

Originally Posted by iahflyr

How much was United, Delta, and American’s pension? How about TWA, Pan Am, and Eastern? Whatever happened to that??? Oh, that’s right, it can be taken in a heartbeat.

I don’t want to spend one ounce of negotiating capital spent on a retirement vehicle that can be taken away in an instant. I want retirement money to go to MY ACCOUNT, where it cannot be taken away from me. I can choose how I want to invest it. I can even withdraw it early for just a 10% penalty if I really need it.

I’m more financially prudent than your example person who knocks up at stripper at 23, has 3 kids, a 5 acre house, and a wife who loves to spend. So even if United handed me a 100k a year pension tomorrow, I would have to plan my retirement as if I got $0/yr from a pension, because that’s a somewhat likely scenario, so it doesn’t change my financial planning picture at all. It’s a total waste (actually a loss since we would then get less in raises, which means less in 401k contribution).

16% 401k contribution is plenty. Pensions are worthless. Lets spend negotiating capital on $$$ and QOL that we can use now.

Originally Posted by threeighteen

How much do you need in your 401k to pay out the equivalent of 130k/year in income without reducing principle?

Originally Posted by Mudge

4 more days until we go back to the negotiationing table for what truly will be an industry leading contract!

Or maybe I'll see you on the picket line. 🍻