Contract extension
02-29-2020 | 07:48 AM
#71
Tri-tanic operator
Joined: Jul 2006
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From: Doggie
And maybe also some staffing benefit from delaying some early retirements. How many pilots are now talking about staying 2 more years? A lot (not all) of the gains are for captains retirement pension. Maybe UPS was looking at how many guys/gals are retiring early and wanted to slow it down for a year or two.
Its still a no-brainer to vote YES on the TA extension. IPA members have nothing to lose on this one.
02-29-2020 | 08:13 AM
#72
Thread Starter
Living the SloBus life
Joined: Jan 2018
Posts: 2,181
Likes: 92
This is probably a large part of their rational for the extension. Continue to operate at min staffing levels, kick the can down the road a few more years with band-aids to the operation. Problem is, even with the monetary incentives, we will still have the same number of pilots that are simply "one bad duty day" away from an early retirement. That hasn't changed, they are hoping the $$$ is enough to keep retirements closer to mandatory numbers. It probably will work as they hope, $$$ tends to solve a lot of problems around here.
Its still a no-brainer to vote YES on the TA extension. IPA members have nothing to lose on this one.
Its still a no-brainer to vote YES on the TA extension. IPA members have nothing to lose on this one.
02-29-2020 | 06:16 PM
#73
Gets Weekends Off
Joined: Feb 2013
Posts: 1,339
Likes: 0
Maybe the retirement improvement won’t BUT the stock market drop will. A couple of days ago talked to 2 former crashpad roommates who’re both planning on retiring early next year (@~61 and ~63 respectively). Well, not anymore. ...they’ve both decided to hang on a while longer waiting for the markets to recover. I think many others will do the same..
02-29-2020 | 07:24 PM
#74
Where's my Mai Tai?
Joined: Aug 2006
Posts: 1,824
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From: fins to the left, fins to the right
Maybe the retirement improvement won’t BUT the stock market drop will. A couple of days ago talked to 2 former crashpad roommates who’re both planning on retiring early next year (@~61 and ~63 respectively). Well, not anymore. ...they’ve both decided to hang on a while longer waiting for the markets to recover. I think many others will do the same..
IMO, they weren’t retiring anyway. If they had gone to any of the retirement shows put on by the union or had any common sense, they wouldn’t have been that exposed to the recent drop. You don’t leave that much in the stock market when you are close to retiring.
02-29-2020 | 07:24 PM
#75
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Living the SloBus life
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Maybe the retirement improvement won’t BUT the stock market drop will. A couple of days ago talked to 2 former crashpad roommates who’re both planning on retiring early next year (@~61 and ~63 respectively). Well, not anymore. ...they’ve both decided to hang on a while longer waiting for the markets to recover. I think many others will do the same..
02-29-2020 | 08:46 PM
#77
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Living the SloBus life
Joined: Jan 2018
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I don’t disagree, but you know that there is a big difference between intellectually knowing you have a sound retirement plan and living it through a rough spot. Choice of ways to take your DB is personal and highly dependent on many factors.
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