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Originally Posted by ewrbasedpilot
(Post 1074667)
I know their are a lot of Bush lovers out there, but when he signed the age 65 legislation into law, he SCREWED a LOT of pilots. I'm amazed too at the number of over age 60 guys who seem to have 110 credit hour months EVERY month because they're finding it so damn hard to survive on $17,000 a month and need it to make ends meet. So let me get this straight..............you've had from 25-35 years to put away for retirement and you STILL can't do it? Well, from my perspective, another 2-3 years isn't going to make a bit of difference because you'll NEVER be ready. I have ZERO sympathy for a guy who works like this and kicks the bucket at 62 or so. What they don't realize is that they CAN'T take their money with them. (Steve Jobs had all the money in the world..........but he didn't have his health, so what good did all that money do him?) At least these pilots kids and relatives will get to blow all their money for them!:eek: I've foregone the "pilot toys" so that I can leave BEFORE age 60. Theirs way too many things to do and see in this lifetime to spend it at work till I die. Yes, I love my job and the folks I work with, but not till my dying days. Sorry guys, but it's time to retire and enjoy life...........let someone else have a career and be able to support their family. Sorry for the thread drift.
Well, how about this then? I hear a lot of crap from my F/Os about how us older guys are wrecking their career advancement by staying past 60. I'm at a loss to understand why they tell me this since I was 52 when that was enacted, and thus, got just as screwed as anyone, but I'm assuming that they mean anyone older than them who stays past 60 is screwing everyone junior/younger than them. So, here's my open offer: To all those guys whom feel screwed by age 65, if you'll all go down to the Notary Public with me and sign the same affidavit as me, we can all be happy. That affidavit says that we will ALL quit at 60. But I don't have any takers so far because they all say that they'll now have to go past 60 to recoup their losses (I guess they're entitled to do that, whereas the older guys whom have precious little time to recover are not entitled to go past 60). Pretty simple: if someone is so sure that quitting at 60 is the right thing, they should have NO PROBLEM making a legal promise to do so. And good luck dealing with the curve balls thrown your way in the meantime. By the way, I'm 56 and can't wait to be done with this ʙʉʟʟʂʜit. I've been a captain (the word is not capitalized, according to Webster's Dictionary, so I use lower case, even though some use upper case for captains of my integrity. That's for all the tools out there whom believe that using upper v. lower means something) for 16 years, but never owned the "Captain's House" or Lamborghini, Corvette, or Yak 52, etc. I just downsized my home, matter o' fact. And I lived on United's B-scale for 5 years, qualifying for food stamps the first two years as a pilot for the biggest airline in the free world. TW |
Originally Posted by Regularguy
(Post 1074947)
How to save money in this job? 1. Stay with your first airline. 2. Live in your F/O house (used to be S/O) 4. Don't buy those new BMWs or something similar. 3. Stay married to your first wife. 1. Go to Southwest 2. Don't buy a house at all. 3. What's a BMW? 4. NEVER get married! |
Originally Posted by throttleweenie
(Post 1074990)
Well, how about this then? I hear a lot of crap from my F/Os about how us older guys are wrecking their career advancement by staying past 60. I'm at a loss to understand why they tell me this since I was 52 when that was enacted, and thus, got just as screwed as anyone, but I'm assuming that they mean anyone older than them who stays past 60 is screwing everyone junior/younger than them.
So, here's my open offer: To all those guys whom feel screwed by age 65, if you'll all go down to the Notary Public with me and sign the same affidavit as me, we can all be happy. That affidavit says that we will ALL quit at 60. But I don't have any takers so far because they all say that they'll now have to go past 60 to recoup their losses (I guess they're entitled to do that, whereas the older guys whom have precious little time to recover are not entitled to go past 60). Pretty simple: if someone is so sure that quitting at 60 is the right thing, they should have NO PROBLEM making a legal promise to do so. And good luck dealing with the curve balls thrown your way in the meantime. By the way, I'm 56 and can't wait to be done with this ʙʉʟʟʂʜit. I've been a captain (the word is not capitalized, according to Webster's Dictionary, so I use lower case, even though some use upper case for captains of my integrity. That's for all the tools out there whom believe that using upper v. lower means something) for 16 years, but never owned the "Captain's House" or Lamborghini, Corvette, or Yak 52, etc. I just downsized my home, matter o' fact. And I lived on United's B-scale for 5 years, qualifying for food stamps the first two years as a pilot for the biggest airline in the free world. TW is that most of the guys staying past 60 said they'd only stay two years until their "bridge medical" kicked in. Now they refuse to leave because they are on the gravy train and don't care about anyone BUT THEMSELVES. Talk to them and you'll find that out real quickly. We have one guy at CAL that BRAGS about flying 110 credit hours a month because even though he has NO kids, and NO wife, he has NO LIFE either, and apparently THINKs he needs the money. It's really pretty pathetic. I can't wait to retire................:o |
Originally Posted by ewrbasedpilot
(Post 1075061)
I think the problem (and I'd have NO problem signing on the dotted line BTW)
is that most of the guys staying past 60 said they'd only stay two years until their "bridge medical" kicked in. Now they refuse to leave because they are on the gravy train and don't care about anyone BUT THEMSELVES. Talk to them and you'll find that out real quickly. We have one guy at CAL that BRAGS about flying 110 credit hours a month because even though he has NO kids, and NO wife, he has NO LIFE either, and apparently THINKs he needs the money. It's really pretty pathetic. I can't wait to retire................:o |
Originally Posted by throttleweenie
(Post 1074990)
Well, how about this then? I hear a lot of crap from my F/Os about how us older guys are wrecking their career advancement by staying past 60. I'm at a loss to understand why they tell me this since I was 52 when that was enacted, and thus, got just as screwed as anyone, but I'm assuming that they mean anyone older than them who stays past 60 is screwing everyone junior/younger than them.
So, here's my open offer: To all those guys whom feel screwed by age 65, if you'll all go down to the Notary Public with me and sign the same affidavit as me, we can all be happy. That affidavit says that we will ALL quit at 60. But I don't have any takers so far because they all say that they'll now have to go past 60 to recoup their losses (I guess they're entitled to do that, whereas the older guys whom have precious little time to recover are not entitled to go past 60). Pretty simple: if someone is so sure that quitting at 60 is the right thing, they should have NO PROBLEM making a legal promise to do so. And good luck dealing with the curve balls thrown your way in the meantime. By the way, I'm 56 and can't wait to be done with this ʙʉʟʟʂʜit. I've been a captain (the word is not capitalized, according to Webster's Dictionary, so I use lower case, even though some use upper case for captains of my integrity. That's for all the tools out there whom believe that using upper v. lower means something) for 16 years, but never owned the "Captain's House" or Lamborghini, Corvette, or Yak 52, etc. I just downsized my home, matter o' fact. And I lived on United's B-scale for 5 years, qualifying for food stamps the first two years as a pilot for the biggest airline in the free world. TW You were a captain when age 65 hit, correct?? Then you were not "just as screwed as anyone". It all depends on where you were when this 5 year stagnation law went into effect. Captain = 5 more years as captain. F/O = five more years as F/O. Furloughed = 5 more years furloughed. It is fallicy to believe that everyone benefits equally from age 65. For example, an age 40 F/O a few retirements away from captain in Dec 07 will still be an F/O in Dec 12 (assuming no growth, like here at UAL). He will have 20 years in the left seat, (same if age 65 wouldn't have happened), and 15 if he quits at 60. On the other hand, a 40 y/o already in the left seat in 2007 will have 25 years in the left seat. Sled |
whoop ... whoop. Gross Nav Error ... whoop ... whoop
Profit Sharing 2011? |
We aren't going to get it, period. The only ray of sunshine here is that being the only group left out of the program this year should sufficiently infuriate everyone who isn't already taxiing at safe speeds with both motors, taking their time during preflight, following flight plan, etc. So **** it, I hope we do get left out, it will make going to work that much more entertaining.
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2010
Net Income $1.6B Profit Sharing Accrual $224M UAL Share $153M (all employees) CAL Share $71M (all employees) UAL Pilot Share 5.9% of W2 CAL Pilot Share 3.9% of W2 2011 Jan-Jun Net Income $441M Profit Sharing Accrual $82M UAL Share $63M (all employees) CAL Share $19M (all employees) UAL Pilot Share TBD% of W2 CAL Pilot Share ZERO United Continental Holdings, Inc. - Investor Relations - SEC Filings |
Originally Posted by Andy
(Post 1074749)
EXACTLY! Any pilot who doesn't have several months' savings to fall back on AND is actively saving a large portion of their current salary is a financial idiot. After what everyone experienced due to 9/11, there's no excuse to not be saving some of your pay every month in a rainy day fund on top of maxing out your Roth IRA and 401k if you're past second year wages.
Oh, if we could all be like you, master economist.:rolleyes: Man you gotta love the financial mighter-than-thou types on this board. You have no EFFIN IDEA what anyone at either airline is going through in their lives or their families lives. How arrogant can you be? Not just arrogant because you think you are better than the rest when it comes to financies but arrogant enough to think that just because your little sihtty life model works for you, then it's gotta be the same model that everyone else has to fit it in. I'm sure your blonde hair and blue-eyed too................ |
Originally Posted by EWR73FO
(Post 1075284)
Oh, if we could all be like you, master economist.:rolleyes: Man you gotta love the financial mighter-than-thou types on this board. You have no EFFIN IDEA what anyone at either airline is going through in their lives or their families lives. How arrogant can you be? Not just arrogant because you think you are better than the rest when it comes to financies but arrogant enough to think that just because your little sihtty life model works for you, then it's gotta be the same model that everyone else has to fit it in. I'm sure your blonde hair and blue-eyed too................
My previous car threw two pistons last year, forcing me to replace it. I paid cash for a 2008 BMW; the first nice car I've owned since 1989. We all have choices in life. One can spend their money on material things that they think they need or you can save for a stress free retirement. I opted for the latter. I've eaten a lot of ramen and PBJ sandwiches to get here but I no longer worry about finances. I also didn't indulge my children with a lot of extras although I saved money to pay for their college. Even with my kids, it was necessities, not niceties. I know, we all DESERVE the big house and the fancy cars and boat and cessna. Nothing to worry about; we'll all be taken care of in retirement so there's no need to save for retirement. |
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