*MINIMUM BALANCES* New Polling Needed
12-26-2019, 10:58 AM
#131
Gets Weekends Off
Thread Starter
Joined APC: Jan 2011
Position: Resting
Posts: 376
In 2010-2019, our union prioritized pay rates, work rules and scope AND the economic environment was not nearly as good as it is now. Now our union is prioritizing retirement (partial)restoration AND we are coming off 5+ Billion in annual profits for the past 5 years. Now is the time to try and recoup the losses that fell on the retirees of the last(future)10+ years. Why can't you support restoring some retirement funds for the pilots who can't take advantage of increased DC percentages??? And yes, I would support "paying recent retiree's as well.
12-26-2019, 11:35 AM
#132
Can't abide NAI
Joined APC: Jun 2007
Position: Douglas Aerospace post production Flight Test & Work Around Engineering bulletin dissembler
Posts: 12,049
With 1,000 retiring in 2021, the math is easy. If 1,000 pilots get a day one bonus of half a million (even if pad out over five years at 100k/yr), then that cost for that year is half a billion.
12-26-2019, 11:47 AM
#133
Can't abide NAI
Joined APC: Jun 2007
Position: Douglas Aerospace post production Flight Test & Work Around Engineering bulletin dissembler
Posts: 12,049
A winning strategy would be to highlight the aspect of this plan which provide a tax-deferred vehicle for excess DPSP cash.
12-26-2019, 12:14 PM
#134
Gets Weekends Off
Joined APC: Mar 2015
Position: stake holder ir.delta.com
Posts: 10,571
That vehicle is completely undefinable. I’m not willing to accept deferred compensation in an account that doesn’t have investment choice or participation choice. This isn’t answered and apparently can’t be answered until after the fact, locking us into something that we have no idea what the structure will be.
12-26-2019, 12:25 PM
#135
Gets Weekends Off
Joined APC: Dec 2007
Posts: 5,660
At the end of the day everyone should be looking at total return. There are numerous assets, even ones that are tax advantaged, a pilot can invest DPSP Cash in that is highly likely to have total after tax returns far superior to a MBCBP.
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12-26-2019, 12:59 PM
#136
Gets Weekends Off
Joined APC: Apr 2018
Posts: 3,304
If it was taxes deferred and under our control that's one thing. Tax deferred + loss of control + 5% targeted return=Losing strategy
At the end of the day everyone should be looking at total return. There are numerous assets, even ones that are tax advantaged, a pilot can invest DPSP Cash in that is highly likely to have total after tax returns far superior to a MBCBP.
Sent from my SM-G975U1 using Tapatalk
At the end of the day everyone should be looking at total return. There are numerous assets, even ones that are tax advantaged, a pilot can invest DPSP Cash in that is highly likely to have total after tax returns far superior to a MBCBP.
Sent from my SM-G975U1 using Tapatalk
12-26-2019, 01:38 PM
#137
Gets Weekends Off
Joined APC: Oct 2014
Posts: 907
That vehicle is completely undefinable. I’m not willing to accept deferred compensation in an account that doesn’t have investment choice or participation choice. This isn’t answered and apparently can’t be answered until after the fact, locking us into something that we have no idea what the structure will be.
Don’t worry! After we said we didn’t want the MBCBP, they added the word “optional” so we are all set! It’s not like they could just change their mind at the end when the IRS says it’s mandatory participation.
12-26-2019, 02:03 PM
#138
Gets Weekends Off
Joined APC: Sep 2014
Posts: 867
DALPA needed to release as much info as they could on this plan as early as possible. Even if they achieved something close to their goals, it still is a toxic issue and would have created a lot of single issue voters. At least with the details out there and if they will do “honest” polling or surveys on this single issue, they can potentially revise the plan or strategy going forward.
There is probably a way to overhaul our retirement strategy where as one group doesn’t feel like they are being shafted, but can you imagine if we are at the end game, yet in a continuous holding pattern waiting on this potentially toxic issue to be agreed to? An issue if successful could actually be the issue that causes the TA to fail?
There is probably a way to overhaul our retirement strategy where as one group doesn’t feel like they are being shafted, but can you imagine if we are at the end game, yet in a continuous holding pattern waiting on this potentially toxic issue to be agreed to? An issue if successful could actually be the issue that causes the TA to fail?
12-26-2019, 03:00 PM
#139
Gets Weekends Off
Joined APC: Aug 2015
Position: Captain
Posts: 1,561
Peanuts
Check their annual expected profit forward
14 billion share buy back and dividends
12-26-2019, 04:43 PM
#140
Gets Weekends Off
Joined APC: Nov 2016
Posts: 2,558
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