JamesBond

[QUOTE=AirbusPTC;2949677]wow. 20/20 hindsight is a great thing isn't it?

And FYI, I don't have any toys, and I have been investing heavily since I got hired.

I really hope you don't get run over by your arrogance and self centeredness.

AirbusPTC

"JamesBond;2949699][QUOTE=AirbusPTC;2949677]wow. 20/20 hindsight is a great thing isn't it?"

NOT 20/20 hindsight! Simple rational logic...that and I took advice from those I trusted around me at the time who told me that MY generation would NEVER get a pension. They told me to work hard, treat the customers well but NOT to trust a corporation if they told me I was getting a pension. It was a pyramid scheme. I was told this in the mid-1980's. There are plenty of news articles from that time period that say the same thing if you bother to look.

"And FYI, I don't have any toys, and I have been investing heavily since I got hired."

Hey, bully for you. Then you shouldn't have a problem funding your retirement. Cheers...

"I really hope you don't get run over by your arrogance and self centeredness."

Yeah, sure you do. btw, it's NOT arrogance or self-centeredness to explain how/why I prepared for retirement after someone posted incorrectly that I was campaigning for a DB plan. Don't you think it's self-centered and arrogant to call the military guys A$$**** like you did, just because they were expressing a perfectly valid point?

Cogf16

Ahh, just 9% extra pay, without any return is a helluva lot more money than an old guy will get for the few months of years they have left.

Cogf16

[QUOTE=AirbusPTC;2949741]"JamesBond;2949699]

Quote:

Originally Posted by AirbusPTC

wow. 20/20 hindsight is a great thing isn't it?"

Why should the old guys, or anyone, fund our own retirement when we have an opportunity to use this contract to (partially) fund it with company money? And I dont get this "5 year windfall of earnings" many speak of as another reason for "self funding" Those 5 years(if healthy to work) are years where we are actually still paying bills, funding education, living expenses etc. Yes, they are peak earnings years but it's not like it's all being saved for retirement.

Yoohoo1

What is approximate PGBC monthly amount for a soon to be retired pilot with 30-35 years of service?

Spudhauler

[QUOTE=Cogf16;2949812]Are you asking this as a serious question? The pensions have been gone for a decade and a half. If you haven't been serious about your retirement since then you sure as heck shouldn't expect me to take less to make up for your lack of preparation. This argument is our version of a redistribution of wealth, so good luck getting the growing number of young pilots to help you out because you didn't prepare.

Buck Rogers

[QUOTE=Spudhauler;2949858]Point of clarification. You act like the pay rates we currently enjoy have been in existence since the day after bankruptcy.

Do you know how many years/contracts it's taken? Kinda tough to save substantial sums in the years following 48% pay cuts dontcha think?

With today's pay rates...easy peasy...but not quite so true for half the time you seem to think ....thatdecade and a half you stated....

Now back to the bi@@h session🙄

ERflyer

$6,000-$8,000 a month

Spudhauler

[QUOTE=Buck Rogers;2949866]Yeah, I know. I enjoyed 4.5 years of 100% pay cuts. My point remains; if a person hasn't taken steps to secure their financial future, to include lifestyle changes, that's on the individual, especially 15 years in. Not saying it doesn't suck or that the lost decade wasn't incredibly challenging, but we've all had ample time to make changes. The collective shouldn't be responsible to now make up individual retirement shortfalls, IMO.

CBreezy

$72000-$96000 a year? That's before the 401k and other sources of income...And there are seriously people who are worried about them surviving?!