That's hilarious!

If he drinks sugar free, like I do, he will be okay. Check that, I drink Diet Coke, beer, and wine.

The gubbermint picked the right time for me.

Covid? I don’t wish these problems on anyone. There have been challenges before. There have been good times as well. One thing that is ALWAYS there ... the pilots that whine.

Villanize? If you say so but I’m no more a villain than the senior whining about what was taken from him by some junior guy.

The bottom third, half, or 3/4 don't owe you anything. Covid decimated your industry and now you want your coworkers to make you "whole" based on the best few years this industry has seen in 25 yrs. The odds are that you are making more with this TA with a better qol than you would if you took the downgrade, bump, or loss of seniority without it. You're pointing fingers without having done a fair or reasonable assessment. If you truly think this was a handout of a TA and every "junior" person needs to pay you back you might want to actually wait until the TA has a material impact on your pay. Up until November your paychecks are down solely due to covid. From the poor questions that are out there that are easily answered by reading the TA I am guessing that most No voters still haven't read it or understood it.

The very premise of this thread is flawed. As another poster already hinted there is no reason one can not fund their B Fund in 2020 to the same level expected prior to COVID, and the same will be true for 2021. Not to mention that $20k compounded over 15 years at 6% is only $50k. Your choice of investment advisor is way more important as is whether or not you started saving at a young age. Trying to hang shame and blame on junior pilots for a perceived shortfall in retirement is simply absurd.

Well now not so fast there..... 2020 won't be affected, but 2021 and 2022 certainly could be. It will be mathematically impossible for a guppy captain to max his combined company / personal 401K contribution in 2021 with 56 hours per month. That's a fact. Doesn't mean that Baseball isn't smoking dope. But it is reality.

281 x 56 x 12 = 189K annual gross x 16% company contribution = 30K. Max personal contribution (over 50 y/o) = 26K. So using 2020 numbers, a guppy captain can contribute a combined 56K. The combined contribution cap is 63K for 2020 (over 50 y/o). It will certainly be expanded in 2021, so nope.... can't max it out like we have been doing easily for the last 5 years. Oh well.

I think 60-70% is exactly where we will be.

it is shocking to me how many pilots don’t know what LPA is. Iv talked to several that think the MPG is a cap.....they complain about pay and have no idea how they are paid.

I said, "Many pilots." Doesn't mean all.

Also, I know it's harsh, but you are responsible for your own retirement. If you have suffered pay cuts like most have, you can still max out IRS limits by contributing 401K yourself. Saying it's not possible is a little disingenuous, and no one but you is responsible for planning your own retirement. Not ALPA, not the company. Granted, some won't be able to max out, but it will still be pretty close.

How much is it worth to you to have a secure retirement? Take the time and do some research and reading.

Thanks, EF Hutton. My example above shows maxing out your personal 401K contribution (26k). Nothing disingenuous about it. Depending on the severity of the credit hour hit, it will be near impossible to max out COMBINED contributions. fact. And don't you worry about my retirement, the Obama 12K Dow rally pretty much set me up.... FAANNG-T baby.. :cool: