Delta pilots turn down 27% raise
 

You guys must be salivating for the Delta matching pay snaps!

http://www.bloomberg.com/news/articles/2016-08-22/delta-offers-pilots-27-percent-raise-as-contract-impasse-lingers

The offer was 16.5/3/3/3 for a 4 year deal.

The devil is in the details. There were probably many unsatisfactory issues with the proposal when it came to other big money topics, such as profit sharing.

Oh absolutely, which is why Delta pilots are holding out for better. Are the matching pay snaps based upon flat hourly rates or total compensation (hourly plus profit sharing)?

I've maintained from day one, that was a red herring and we'll never see it. DAL has to ratify by 1 Jan 18, and it only takes effect if it meets certain wickets. Them having a contract by 1/18, is nothing short of a miracle. They've been iced by the NMB and DAL mgmt is throwing whatever will stick at the wall before 12/31 to try and ditch what I'm sure will be a massive profit sharing check... And those boys ain't dumb.

Perhaps we will indeed never see it because of the time line involved, but valuable nevertheless in that the precedent has been set, without any further negotiation, that the company has agreed to AT LEAST match whatever deal the Delta pilots land in our next round of negotiations.

Our negotiators can legitimately argue that at the very least the company's starting position should be no lower than that. That's at least something to build on.

Have previous UAL negotiating teams tried to match DAL's profit sharing structure?

Our structure is pretty close. DAL simply has been making more profit. The one area ours is deficient (and it's a big one) they get B fund on PS also. We don't

I didn't know that. That' HUGE!!!!


The way I understand B fund as well as 401K is that we need to be very careful as to how much we put into it. Otherwise, anything over the IRS limits go into the VEBA. I would imagine that the DAL pilots, although very happy to have that problem to manage (extra money in B fund) must stay on top of this money and see to it that it is properly invested and/or accounted for at the end of the year.


This may be a topic for another thread, but on or about Sept. 30, I take a look at my IRS limits to see where I am at and then make any changes needed to my PCRA/401K so I don't end up putting money in the VEBA (or too much of it). Wouldn't it be neat if we could instead of putting into the VEBA, just put it into a tax deferred college fund for the children??

I'm not trying to give advice here, so please forgive me. I had the same feeling on the RHA until someone explained to me that's it's the "trifecta". Money goes into it without being taxed, grows tax free, and gets withdrawn tax free. It might be the only "3-way" I'll ever see.:o

Also, according to a few articles I've read, for a couple retiring today at age 65 and living until 85, they will need over $200,000 in today's dollars for healthcare expenses. Depending on when you retire in the future, that amount will most likely be much higher and possibly double.

Food for thought.