*MINIMUM BALANCES* New Polling Needed
01-02-2020, 08:14 AM
#231
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Joined APC: Jul 2008
Posts: 5,028
If the government "nationalizes" all your retirement money 401/ IRA's that you have been diligently saving for 31 years, are you gonna feel screwed?
The DZ accrued 2.4 % per year.....in my case I had earned a 48% DB retirement and then viola...presto chango....it was worth zip.....other remedies had to be enacted to try to make up for that. These went pie in the sky promises but actual accrued $$$
Additionally...everybody on the property and future hires got the benefit of the 65 age....unless you choose not to or medical out
The DZ accrued 2.4 % per year.....in my case I had earned a 48% DB retirement and then viola...presto chango....it was worth zip.....other remedies had to be enacted to try to make up for that. These went pie in the sky promises but actual accrued $$$
Additionally...everybody on the property and future hires got the benefit of the 65 age....unless you choose not to or medical out
Hell yes we'll feel screwed if the socialists take over our country and steal our money.
01-02-2020, 08:34 AM
#232
Gets Weekends Off
Joined APC: Oct 2017
Posts: 200
Scoop,
While it may be a small section of “text”, it is *potentially* an enormous amount of money. The people who say the company can afford it have their head in the sand in relation to the total package. This could be 50-90% of the contract gains in dollars, all funneled to a select few until time catches up with *hopefully* unchanged pay rates and Delta corporate health. If the dollar aspect of this was say only 10% of contract gains, the fight would be so much smaller. To be fair we haven’t been given negotiator costing, but back of napkin math highlights this glaring line item. What money will be left for anything else (eg work rules, vacation/training pay, pay rates, RR, etc) that benefits everyone?
While it may be a small section of “text”, it is *potentially* an enormous amount of money. The people who say the company can afford it have their head in the sand in relation to the total package. This could be 50-90% of the contract gains in dollars, all funneled to a select few until time catches up with *hopefully* unchanged pay rates and Delta corporate health. If the dollar aspect of this was say only 10% of contract gains, the fight would be so much smaller. To be fair we haven’t been given negotiator costing, but back of napkin math highlights this glaring line item. What money will be left for anything else (eg work rules, vacation/training pay, pay rates, RR, etc) that benefits everyone?
01-02-2020, 08:35 AM
#233
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Joined APC: Jul 2010
Position: window seat
Posts: 12,544
01-02-2020, 08:41 AM
#235
Gets Weekends Off
Joined APC: Apr 2007
Posts: 4,637
While it may be a small section of “text”, it is *potentially* an enormous amount of money. The people who say the company can afford it have their head in the sand in relation to the total package. This could be 50-90% of the contract gains in dollars, all funneled to a select few until time catches up with *hopefully* unchanged pay rates and Delta corporate health. If the dollar aspect of this was say only 10% of contract gains, the fight would be so much smaller. To be fair we haven’t been given negotiator costing, but back of napkin math highlights this glaring line item. What money will be left for anything else (eg work rules, vacation/training pay, pay rates, RR, etc) that benefits everyone?
01-02-2020, 08:57 AM
#236
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Joined APC: Nov 2013
Position: Taxi Driver
Posts: 414
Everyone has saved some amount of money for their retirement. Obviously the range of money is huge. However, I dont see why the "old guys" are somehow solely responsible for their retirement money and dont get to benefit from company monies in this "Best negotiating environment ever" Large DC increases ONLY, do not significantly help the 60+ crowd but can be HUGE for everyone else.
01-02-2020, 09:11 AM
#237
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Joined APC: Nov 2018
Posts: 314
[QUOTE=gloopy;2949645]
Again, missing the point entirely. Those that bought the 1974 Cadillac, 2nd or 3rd house, planes, cars, toys etc... INSTEAD of investing some of that money in an IRA or some other retirement vehicle are now living the Karma sown decades ago.
Again, missing the point entirely. Those that bought the 1974 Cadillac, 2nd or 3rd house, planes, cars, toys etc... INSTEAD of investing some of that money in an IRA or some other retirement vehicle are now living the Karma sown decades ago.
01-02-2020, 09:16 AM
#238
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Joined APC: May 2015
Position: A350 Both
Posts: 7,292
01-02-2020, 09:24 AM
#239
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Joined APC: Jun 2010
Posts: 238
Reading this thread is rather depressing. The infighting and name calling is really out of control.
My opinion (worth exactly what you paid for it
) is:
Waiting years for a deal is going to kill any hope of getting scope improvements. The company will have cemented the level of flying done by LATAM, Aeromexico, etc and that horse will have left the barn.
And most importantly there will be another recession, probably not this year but once the election is over...
Time is not on our side if we are talking years.
JMHO
My opinion (worth exactly what you paid for it
) is:Waiting years for a deal is going to kill any hope of getting scope improvements. The company will have cemented the level of flying done by LATAM, Aeromexico, etc and that horse will have left the barn.
And most importantly there will be another recession, probably not this year but once the election is over...
Time is not on our side if we are talking years.
JMHO
01-02-2020, 09:42 AM
#240
Gets Weekends Off
Joined APC: Apr 2018
Posts: 3,237
I read it here that it's my fault for saving it....."IT" being an IRA.....a 401....roth... non Roth or a DB plan....I should have seen it coming a d done something.
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