UPS Rumor Mill
09-03-2008, 08:00 AM
#101
Gets Weekends Off
Joined APC: Jul 2008
Position: MD CA
Posts: 705
I should have said someone is smoking. This is a non starter in my opinion.
09-03-2008, 08:02 AM
#102
Gets Weekends Off
Joined APC: Mar 2005
Position: 767 captain
Posts: 2,701
I don't believe that there are any negotiations going on, but what do you find the non starter, the figure or the concept of selling our A plan back. I'm also curious as to the age/longevity of anyone that comments on that but I understand too if you don't want to say.
09-03-2008, 08:21 AM
#103
Gets Weekends Off
Joined APC: Jul 2008
Position: MD CA
Posts: 705
The figure. I have heard that Corporate wants the Managers and the IPA's A-plan off the books. and have talked about this to the EB. And I heard 500K/750K figure.
25K is a non starter.
25K is a non starter.
09-03-2008, 08:33 AM
#104
Gets Weekends Off
Joined APC: Jul 2008
Position: MD CA
Posts: 705
If one has a 30 year career, the a-plan will be worth 30% of your salary.
Lets use a figure of 300K salary. It will be much higher in 2020 or so. So your annunity is paying you 90K a year until death. If one just lives 10 years thats 900K in payments.
These numbers are totally vague, but this is were I say a 50K a year/service is about where to start. And this is what I heard.
25K is way too low.
Lets use a figure of 300K salary. It will be much higher in 2020 or so. So your annunity is paying you 90K a year until death. If one just lives 10 years thats 900K in payments.
These numbers are totally vague, but this is were I say a 50K a year/service is about where to start. And this is what I heard.
25K is way too low.
09-03-2008, 08:39 AM
#105
Gets Weekends Off
Joined APC: Mar 2005
Position: 767 captain
Posts: 2,701
I guess a good comparrison, based on your info, would be to go to a company like vanguard, and find out how much an annuity would cost at age 60 that would pay you 90k a year until you died.
You are right though that all companies in america will be trying to get these open ended obligations off of their books.
09-03-2008, 10:56 AM
#106
Tri-tanic operator
Joined APC: Jul 2006
Position: Doggie
Posts: 2,382
But I am worth at least $323,232 per year ... and you're worth MORE !!!
But no one asked me !
09-03-2008, 11:02 AM
#107
Tri-tanic operator
Joined APC: Jul 2006
Position: Doggie
Posts: 2,382
I was just in the school house and was told that they really don't know what is going to happen until the DHL deal is signed. Was also told that when it does get signed, we do not have the lift nor the crews to handle it. Take it for what it is worth.
yes they do. remember, they have a year or two to implement the deal. I see contractors and wet-lease operators soon on ramp 11-
yes they do. remember, they have a year or two to implement the deal. I see contractors and wet-lease operators soon on ramp 11-
Also from the schoolhouse ... the ENTIRE DHL deal would mean 13 more a/c needed. If that ... most of the load will ride on current routes that are under capacity.
And there are issues with bringing DC-8s out of storage. In other words, they were parked for a reason.
So look for more B767s ordered, early arrivals of the current order !
And of course, contract lift where you least expect it ...
This IS a RUMOR MILL thread ...
09-03-2008, 01:08 PM
#108
Gets Weekends Off
Joined APC: Jun 2007
Posts: 558
Ok I will ask the newb question. What is the A fund? Is it a fully funded retirement? Just wondering.
09-03-2008, 02:10 PM
#110
Gets Weekends Off
Joined APC: Jul 2007
Position: 744 FO
Posts: 137
Could you guys please talk numbers on the B$G....It really looks bad doing it here. It's just like idiots who talk about their pay in front of van drivers.
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