Any "Latest & Greatest" about Delta?
07-14-2009, 01:47 PM
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Joined APC: Mar 2007
Position: 88B - Loud Pipes Save Lives
Posts: 1,597
I'm not sure how we'd be violating Pinnacle's scope language since it is our flying to begin with. If anything, we're getting it back, albeit in a round about perverse way. Sad that the mainline plane is rescuing the operation from the RJs. If only you could turn back time..........................
07-14-2009, 01:57 PM
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Posts: 581
What Reroute, Sailing and Stagger didn't mention is that there was no distinction in either of the ALPA distribution methodologies for a pilot's PC status within the PBGC guidelines. That is: If you were 53 or older on the date of pension plan termination you are a PC-3 pilot. If you weren't 53, you are PC-4.
PC-4 pilots will only get the PBGC minimum unless (and it's chance is virtually zero) there is any money left over after all the PC-3 pilots get 100% of their benefit.
There is a HUGE difference in retirement dollars between a PC-3 pilot and a PC-4 pilot.
Several years ago I flew a trip with the number 1 captain on the 767-400. He was (and is) a good guy. One of his comments regarding retirement was "...It's not that hard to get your final average earnings up to $450,000.00".
That's a number we pretty much can't fathom in todays world. That fellow went out several years early and I believe his lump sum was in the $1.7 million range.
PC-4 pilots will only get the PBGC minimum unless (and it's chance is virtually zero) there is any money left over after all the PC-3 pilots get 100% of their benefit.
There is a HUGE difference in retirement dollars between a PC-3 pilot and a PC-4 pilot.
Several years ago I flew a trip with the number 1 captain on the 767-400. He was (and is) a good guy. One of his comments regarding retirement was "...It's not that hard to get your final average earnings up to $450,000.00".
That's a number we pretty much can't fathom in todays world. That fellow went out several years early and I believe his lump sum was in the $1.7 million range.
07-14-2009, 01:57 PM
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Joined APC: Apr 2008
Posts: 581
Double post deleted
Last edited by Wasatch Phantom; 07-14-2009 at 01:59 PM. Reason: Sorry for the double post
07-14-2009, 02:07 PM
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Joined APC: Feb 2006
Position: A320 CA
Posts: 973
What Reroute, Sailing and Stagger didn't mention is that there was no distinction in either of the ALPA distribution methodologies for a pilot's PC status within the PBGC guidelines. That is: If you were 53 or older on the date of pension plan termination you are a PC-3 pilot. If you weren't 53, you are PC-4.
PC-4 pilots will only get the PBGC minimum unless (and it's chance is virtually zero) there is any money left over after all the PC-3 pilots get 100% of their benefit.
There is a HUGE difference in retirement dollars between a PC-3 pilot and a PC-4 pilot.
Several years ago I flew a trip with the number 1 captain on the 767-400. He was (and is) a good guy. One of his comments regarding retirement was "...It's not that hard to get your final average earnings up to $450,000.00".
That's a number we pretty much can't fathom in todays world. That fellow went out several years early and I believe his lump sum was in the $1.7 million range.
PC-4 pilots will only get the PBGC minimum unless (and it's chance is virtually zero) there is any money left over after all the PC-3 pilots get 100% of their benefit.
There is a HUGE difference in retirement dollars between a PC-3 pilot and a PC-4 pilot.
Several years ago I flew a trip with the number 1 captain on the 767-400. He was (and is) a good guy. One of his comments regarding retirement was "...It's not that hard to get your final average earnings up to $450,000.00".
That's a number we pretty much can't fathom in todays world. That fellow went out several years early and I believe his lump sum was in the $1.7 million range.
Last edited by reddog25; 07-14-2009 at 02:10 PM. Reason: misread post
07-14-2009, 02:10 PM
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07-14-2009, 02:13 PM
Moderator
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Position: B757/767
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07-14-2009, 02:15 PM
No longer cares
Joined APC: Mar 2008
Position: 767er Captain
Posts: 12,109
Some of that job loss was scope. We actually peaked at 10300 pilots. Most of the job loss was work rules. The average pilot is now flying 25% more block hours then prior to 2001. The math is easy. Thats over 2500 jobs lost to work rules. If we brought back the work rules the jobs would come back also.
Restore the profession..
Taking it back...
What's next?
07-14-2009, 02:23 PM
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Position: B757/767
Posts: 13,088
"
Oh wait, we are in a recession.
07-14-2009, 02:30 PM
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Joined APC: Jun 2007
Position: Legacy FO
Posts: 4,105
Not only in a recession ... it's still falling. And the big news this week so far has been "its not going back to what it was."
07-14-2009, 02:31 PM
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