Continental pilots - you still have A Plan?
#1
Gets Weekends Off
Thread Starter
Joined APC: Jan 2007
Posts: 118
Continental pilots - you still have A Plan?
How much would the A plan benefit be? For a 777 Capt, or 767?
Who are these pilots, i.e., the range of the senioirty numbers, their age, etc.
You also get to receive the 16 percent combined B and C, is that right?
CBA.
Who are these pilots, i.e., the range of the senioirty numbers, their age, etc.
You also get to receive the 16 percent combined B and C, is that right?
22-B Defined Benefit Plans
22-B-1
CPRP/CARP
Each Pilot participating in the Continental Pilots Retirement Plan (“CPRP”) and/or Continental
Retirement Plan
(“CARP”) on the effective date of the Agreement shall remain a participant in
CPRP and/or CARP, neither of which shall, with respect to Pilots, be modified, amended, or
terminated without the Association’s consent and each of which is incorporated herein b
y
reference. The Continental Retirement Board shall retain its existing authority with respect to
Pilot pension benefits under CPRP and shall continue to meet quarterly unless otherwise
agreed to by the Company and the Association. Any Association members/alternates on the
Continental Retirement Board shall be limited to Pilots who were covered by the Prior CAL
reference. The Continental Retirement Board shall retain its existing authority with respect to
Pilot pension benefits under CPRP and shall continue to meet quarterly unless otherwise
agreed to by the Company and the Association. Any Association members/alternates on the
Continental Retirement Board shall be limited to Pilots who were covered by the Prior CAL
CBA.
#2
Gets Weekends Off
Thread Starter
Joined APC: Jan 2007
Posts: 118
From the unitedpilotagreement.com FAQ section, the second question/answer -
Q. Why is Legacy CAL being brought up to 16% and holding a frozen A plan and Legacy UAL gets no improvement to our retirement?
A. Legacy UAL pay increases over CAL far outweigh the PDAP increase for CAL.
Q. Why is Legacy CAL being brought up to 16% and holding a frozen A plan and Legacy UAL gets no improvement to our retirement?
A. Legacy UAL pay increases over CAL far outweigh the PDAP increase for CAL.
#3
Gets Weekends Off
Joined APC: Feb 2011
Posts: 215
From the unitedpilotagreement.com FAQ section, the second question/answer -
Q. Why is Legacy CAL being brought up to 16% and holding a frozen A plan and Legacy UAL gets no improvement to our retirement?
A. Legacy UAL pay increases over CAL far outweigh the PDAP increase for CAL.
Q. Why is Legacy CAL being brought up to 16% and holding a frozen A plan and Legacy UAL gets no improvement to our retirement?
A. Legacy UAL pay increases over CAL far outweigh the PDAP increase for CAL.
#4
So is the concern that it's unfair that CAL pilots have a frozen (and not terminated) A-plan?
First, one third of the CAL pilots do not have an A-plan at all, frozen or otherwise, because they were hired after the plan was frozen in May 2005. All we have have is a B-plan of 12.75%.
Second, those that were hired before 2005 have some amount in a frozen A-plan but for many it is very little. I'm not sure how senior a pilot has to be at CAL to start hitting at least a minimum six-figure lump sum payout option.
At my seniority, I'm getting a $15/hr (12%) raise plus a $5.66/hr increase in my B-plan contribution. Compare that to an Airbus FO who is getting a $35/hr (37%) raise plus a $5.60/hr increase into his B-plan. It remains to be seen how all these work rule improvements play out over time. At least hard pay and retirement contribution numbers are quantifiable for you with your work rules. All I have to go on is a slight improvement in pay and left wondering how the work rules will improve my quality of life in the long run.
First, one third of the CAL pilots do not have an A-plan at all, frozen or otherwise, because they were hired after the plan was frozen in May 2005. All we have have is a B-plan of 12.75%.
Second, those that were hired before 2005 have some amount in a frozen A-plan but for many it is very little. I'm not sure how senior a pilot has to be at CAL to start hitting at least a minimum six-figure lump sum payout option.
At my seniority, I'm getting a $15/hr (12%) raise plus a $5.66/hr increase in my B-plan contribution. Compare that to an Airbus FO who is getting a $35/hr (37%) raise plus a $5.60/hr increase into his B-plan. It remains to be seen how all these work rule improvements play out over time. At least hard pay and retirement contribution numbers are quantifiable for you with your work rules. All I have to go on is a slight improvement in pay and left wondering how the work rules will improve my quality of life in the long run.
#8
We're told it can't happen, yet ....
"American Airlines Inc. parent AMR Corp. has asked a federal bankruptcy court in New York for permission to allow the airline to amend its frozen pilots' pension plan so that retiring pilots cannot receive their accrued benefits as a lump-sum.
If lump-sum payments were allowed, the result would be a significant increase in the number of pilots retiring, resulting in a pilot shortage, AMR said in its filing last week with the U.S. Bankruptcy Court for the Southern District of New York."
If lump-sum payments were allowed, the result would be a significant increase in the number of pilots retiring, resulting in a pilot shortage, AMR said in its filing last week with the U.S. Bankruptcy Court for the Southern District of New York."
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