Originally Posted by O2pilot

We all benefit from a retirement plan.

I don't see anybody on the seniority list complaining about the 16% contribution and some pilots won't be able to touch it for 30-40 years. Also, anybody who retires early because now they don't have to work until 65 lets every pilot move up a number. We get 300-400 early retirements in addition to the normal retirements, and that's a big "now" benefit for everyone. The way this was presented, as a 9% pre-tax contribution by the company that grows over time, actually benefits junior and younger pilots even more, because they have years of accumulation ahead of them, and will have far richer retirements than anyone who was here through the ESOP when we could not contribute to our 401k because the stock value of the ESOP shares were already too high.

Having the company contribute to EVERY pilot, and that pilot able to see how much is in that other retirement account that they own, is a huge win for all of us. If we had that 25 years ago when I was hired, many of us wouldn't be here right now.

Originally Posted by gzsg

If it were 16%, and you are beyond clueless, 99% of our pilots would reject it in MEMRAT.

Delta made over a $6 Billion profit in 2019. They have bought back $15 Billion in stock.

We will attain the 25% and make major gains across our contract.

My hat is off to the United pilots for their firm stand on scope.

Concessions with this level of profitability are unconscionable.

Originally Posted by CBreezy

Please. Delta will get nowhere near 25%.

Originally Posted by Sniper66

Fact
2019
Early retirements 53 total
LTDs are still in the seniority list

Originally Posted by gzsg

Time will tell.

I’m going to refrain from calling you a surrender monkey because that wouldn’t be nice.

Given Delta’s highest profits in its 95 year history, there is no excuse not to have a fair and reasonable retirement for its pilots. 25% isn’t equal to a DB of 60% of FAE but its a good step in the right direction.

Originally Posted by DwightSchrute

Which bear is best?

FACT: black bear


Bears. Beets. Battlestar Galactica

Originally Posted by CBreezy

Nothing to see here folks. He wants us to negotiate a cash-out payment for him to the tune of hundreds of thousands of dollars but whenever you ask him how much worse off he's going to be retirement, he calls you a surrender monkey and that we wouldn't have jobs if it weren't for him. Facts don't exist in his world. The only thing he cares about is his money grab as he walks out the door. Don't let him try to fool you with his unity BS

Originally Posted by whaler

Money grab is correct. New and people with many years to work don't be fooled. If you cash out folks with with lost pensions with a cash out/catch up lump sum based on a negotiated contractual retirement increase who's taking all the risk that we keep the keep the contractual gains over a career? Esop and pensions went away when the company needed the money as will any retirement contribution in the contract that the company pays if we have a downturn. If we get 25% it won't last in the next downturn i.e concessions but senior folks will have got their money and we'll be holding the empty money bag. Don't be a fool and think we'll never have a downturn.

Originally Posted by O2pilot

Looking at the number of Delta pilots retiring in the next 10 years this looks like an easy thing that’s going to pass. I’m guessing more than 50% of the seniority list has 20+ years of seniority and many would like to have a retirement.