Dec 2025 class

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12-04-2025 | 08:19 PM

#151

tnkrdrvr

Living the SloBus life

Joined: Jan 2018

Posts: 2,181

Likes: 92

Quote:

Originally Posted by Joachim

Yes. Under our current contract the average hew hire would not qualify is how I read it.

You are incorrect. If we never signed another contract everyone on property would eventually be covered by flat dollar.

12-04-2025 | 08:25 PM

#152

tnkrdrvr

Living the SloBus life

Joined: Jan 2018

Posts: 2,181

Likes: 92

Quote:

Originally Posted by tnkrdrvr

You are incorrect. If we never signed another contract everyone on property would eventually be covered by flat dollar.

Article 15.D. of the Agreement provides that a crewmember that attains age sixty (60) prior to the ratification of a successor labor agreement shall be entitled to the better of the final average earnings formula or the applicable flat dollar formula under the pension plan.

12-05-2025 | 03:03 AM

#153

Joachim

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Joined: Jan 2007

Posts: 786

Likes: 4

Quote:

Originally Posted by tnkrdrvr

You have to have hit sixty by this upcoming cba ratification to qualify for the flat rate is how I read that stipulation. How does that include a 42 year old new-hire that, for arguments sake, will be 44 at the ratification of said successor contract?

if the same language was copied in the upcoming contract, assuming 10 year real contract cycles, the new hire would still not attain flat rate status. A new hire today would have to hope that the current language be repeated in at least two successive negotiations in order to attain flat rate.

12-05-2025 | 04:16 AM

#154

wareagle11

On Reserve

Joined: Apr 2025

Posts: 17

Likes: 7

Quote:

Originally Posted by Joachim

You have to have hit sixty by this upcoming cba ratification to qualify for the flat rate

That’s not what it says. It says you need to be 60 prior to the next ratification to not lose the pension in the 2016 contract. That is in place in case someone is for example 62 and the next contract is worse with regard to flat dollar amount. That person would still fall under the 2016 contract since they had attained retirement age (60) prior to signing of a new contract.

12-05-2025 | 04:20 AM

#155

BoilerUP

Doing One Pilot's Job

Joined: Sep 2005

Posts: 7,893

Likes: 138

Quote:

Originally Posted by BoilerUP

The Flat Dollar Amount concept was introduced in 2006 and extended/increased in 2016, 2020 and 2022.

I always hesitate to speak in absolutes but am completely confident that the IPA EB will not endorse, and IPA pilots will not ratify, any future TA that does not include an extension of the FDA eligibility "runway".

Sometimes I repeat myself.

12-05-2025 | 06:21 AM

#156

Recliner

Line Holder

Joined: Oct 2020

Posts: 302

Likes: 27

From: SIC

So, these dates are based on when you retire not when you elect to take the pension?

12-05-2025 | 09:31 AM

#157

BoilerUP

Doing One Pilot's Job

Joined: Sep 2005

Posts: 7,893

Likes: 138

Quote:

Originally Posted by Recliner

So, these dates are based on when you retire not when you elect to take the pension?

Birthdate.

On the Retirement Committee page, click "Flat Dollar Groups" for more information.

01-27-2026 | 04:04 PM

#158

Hellafo

Line Holder

Joined: Jun 2017

Posts: 433

Likes: 9

From: B767

Quote:

Originally Posted by Hellafo

Worst case scenario, they retire the fleet without any replacement shrink the fleet MD pilots transition to other seats, upgrades go back to 8+ years, hiring stops for a year. I feel bad for junior people having to fly the schedules here...expectation zero.

well well well....