Delta pilots turn down 27% raise
08-23-2016 | 07:45 AM
#1
Thread Starter
Line Holder
Joined: Aug 2016
Posts: 719
Likes: 10
From: Bus CA
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
http://www.bloomberg.com/news/articles/2016-08-22/delta-offers-pilots-27-percent-raise-as-contract-impasse-lingers
08-23-2016 | 07:58 AM
#4
Thread Starter
Line Holder
Joined: Aug 2016
Posts: 719
Likes: 10
From: Bus CA
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)?
08-23-2016 | 08:17 AM
#5
Gets Weekends Off
Joined: Nov 2009
Posts: 5,508
Likes: 109
You guys must be salivating for the Delta matching pay snaps!
Delta Offers Pilots 27% Raise as Contract Impasse Lingers - Bloomberg
Delta Offers Pilots 27% Raise as Contract Impasse Lingers - Bloomberg
08-23-2016 | 10:16 AM
#6
Squawking 2000
Joined: Jul 2015
Posts: 737
Likes: 0
From: Skeptical
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.
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.
08-23-2016 | 01:01 PM
#7
Line Holder
Joined: Mar 2013
Posts: 67
Likes: 0
From: FO
08-23-2016 | 01:14 PM
#8
Line Holder
Joined: May 2015
Posts: 1,200
Likes: 33
From: 777 CA
08-23-2016 | 06:29 PM
#9
Gets Weekends Off
Joined: Aug 2013
Posts: 2,159
Likes: 1
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??
08-23-2016 | 07:46 PM
#10
On Reserve
Joined: Jan 2016
Posts: 42
Likes: 2
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??
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??
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.
Thread
Thread Starter
Forum
Replies
Last Post
wannabepilot
Flight Schools and Training
34
07-07-2008 12:15 PM
