Early Outs
11-12-2013 | 12:17 PM
#11
Line Holder
Joined: Jul 2013
Posts: 75
Likes: 0
11-12-2013 | 12:49 PM
#12
Line Holder
Joined: Aug 2008
Posts: 219
Likes: 5
From: It keeps changing.
11-13-2013 | 07:45 PM
#14
Gets Weekends Off
Joined: Aug 2008
Posts: 270
Likes: 0
From: A-320 Capt
I told my wife about the early-out program. She said why would someone quit to clear $30k for 5 years when they could just get "dizzy" and take the LTD, $96k a year after taxes til 65?
Why indeed?
TW
Why indeed?
TW
11-14-2013 | 04:41 AM
#15
Line Holder
Joined: Nov 2012
Posts: 1,091
Likes: 1
.
11-14-2013 | 08:22 PM
#17
Line Holder
Joined: Nov 2012
Posts: 1,091
Likes: 1
Sure it is. The company pays 2/3 the cost of the program and the pilot group pays 1/3 via monthly payroll deduction. I'm glad we have the program and want to see it continue on in future contracts. However, are you interested in paying inflated premiums down the road so otherwise healthy and fully capable pilots can sit at home for years while you continue to work? Sorry Dave, I don't have any interest in paying for fraud. Objecting to that is kool-aid drinking? Wow.
11-15-2013 | 05:12 AM
#18
Gets Weekends Off
Joined: Mar 2008
Posts: 1,083
Likes: 0
Sure it is. The company pays 2/3 the cost of the program and the pilot group pays 1/3 via monthly payroll deduction. I'm glad we have the program and want to see it continue on in future contracts. However, are you interested in paying inflated premiums down the road so otherwise healthy and fully capable pilots can sit at home for years while you continue to work? Sorry Dave, I don't have any interest in paying for fraud. Objecting to that is kool-aid drinking? Wow.
11-15-2013 | 05:23 AM
#19
Line Holder
Joined: Jun 2012
Posts: 56
Likes: 0
Call it what ever you want but it is still fraud and unethical. Explain that
to your kid how daddy or mommy really isn't sick but he or she is taking
money from an insurance company saying he or she is. It has nothing to do
corporate leadership, that is just rationalization. To lie about your physical
ability or lack of to the FAA is fraud, then to take insurance money. It is not only
playing the system but illegal and unethical, plain and simple.
to your kid how daddy or mommy really isn't sick but he or she is taking
money from an insurance company saying he or she is. It has nothing to do
corporate leadership, that is just rationalization. To lie about your physical
ability or lack of to the FAA is fraud, then to take insurance money. It is not only
playing the system but illegal and unethical, plain and simple.
11-15-2013 | 06:25 AM
#20
Banned
Joined: Nov 2013
Posts: 4,378
Likes: 0
From: 7th green
The big downside is that at some outfits you lose the option to take a lump sum retirement payout. You are pension only. Most pensions do not have cost of living escalators.
Thread
Thread Starter
Forum
Replies
Last Post
