Early Outs
11-12-2013, 12:17 PM
#11
Line Holder
Joined APC: Jul 2013
Posts: 75
Oh yeah?
Originally Posted by Sonny Crockett
Flying this week with a guy who is leaving 5 years early (age 60) and starting a new career. I'm buying the beer!
11-12-2013, 12:49 PM
#12
Gets Weekends Off
Joined APC: Aug 2008
Position: It keeps changing.
Posts: 206
Originally Posted by bbhnpd
I'll bet he doesn't go. I heard about this guy or that guy for 35 years that was going to leave early.... no one ever did.
11-13-2013, 07:45 PM
#14
Gets Weekends Off
Joined APC: Aug 2008
Position: A-320 Capt
Posts: 270
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
Gets Weekends Off
Joined APC: Nov 2012
Posts: 1,083
Originally Posted by throttleweenie
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, 08:22 PM
#17
Gets Weekends Off
Joined APC: Nov 2012
Posts: 1,083
Originally Posted by Dave Fitzgerald
Eddie, it's in the contract and paid for in negotiating capital. Lousy deal or not. Might want to lay off the koolaid a bit.
11-15-2013, 05:12 AM
#18
Gets Weekends Off
Joined APC: Mar 2008
Posts: 1,083
Originally Posted by CousinEddie
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 APC: Jun 2012
Posts: 56
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 APC: Nov 2013
Position: 7th green
Posts: 4,378
Originally Posted by throttleweenie
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
Thread
Thread Starter
Forum
Replies
Last Post
