Any "Latest & Greatest" about Delta?
07-14-2009, 02:32 PM
Gets Weekends Off
Joined APC: Feb 2008
Position: Urban chicken rancher.
Posts: 6,070
Is anybody else sick of this thread that has well over 1,000 pages now. Can we deleted it already? This is insane! Can we please start a category or forum just for the New Delta Guys so I don't have to read posts from the same 12 pilots who are always on here with no new news or information?
07-14-2009, 02:36 PM
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Joined APC: Jun 2007
Position: Legacy FO
Posts: 4,105
I second that. I find out stuff here, then go into the CPO and have them fess up. It's great.
07-14-2009, 02:57 PM
Line Holder
Joined APC: Jun 2006
Position: Short Bus Right
Posts: 43
I'm just wanting our own forum not just a multiple paged posting since I don't get on here every hour of the day. Maybe 'Major' could be split up to have Delta, American, United, CAL, USAir. That would be cool!
07-14-2009, 03:00 PM
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07-14-2009, 03:17 PM
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07-14-2009, 03:27 PM
Feeling blessed.
Joined APC: Feb 2005
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Posts: 540
Wow. 10000+ posts over 1023 pages.
07-14-2009, 03:34 PM
Happy to be here
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Position: A-320A
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"I will tell you that there is a ton that is in the works. A lot of it is coming together.
I personally think that if/when this stuff sees the light of day many people will be impressed.
07-14-2009, 03:39 PM
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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
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
That's not true. From ADC Dispatch 07-09: "...under the Model, a pilot’s forward projected and annuitized age 60 MPPP benefit and PBGC benefits (based on a Model-defined PC-5 benefit as described in this Dispatch and PC-3/PC-4 benefits) are subtracted from the approximate qualified benefit to identify a Model-defined net lost approximate qualified benefit (nLABq)."
Sounds to me like they figured out what they thought each guy'd get from the PBGC and MPPP and allocated the note to cover each guy's loss.
Last edited by Pineapple Guy; 07-14-2009 at 05:50 PM.
07-14-2009, 03:52 PM
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Joined APC: May 2007
Posts: 593
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.
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.
From the Executive Summary of ADC Dispatch 07-09:
"Next, under the Model, a pilot’s forward projected and annuitized age 60 MPPP benefit and PBGC benefits (based on a Model-defined PC-5 benefit as described in this Dispatch and PC-3/PC-4 benefits) are subtracted from the approximate qualified benefit to identify a Model-defined net lost approximate qualified benefit (nLABq). This amount is actuarially converted to a “present value” based on a pilot’s age and Model-assumed discount rates. This present value is defined as the pilot’s nLABq allocation."
Further on in the Dispatch it states:
"The nLABq, then, is called the “net lost approximate qualified benefit” based on FAE up to $205,000 and years-of-service under the Plan as of December 31, 2004, and after considering PBGC benefits and the Model-defined MPPP benefit offset. PBGC benefits will consist of PC-3, PC-4 and PC-5 benefits."
The amount of PC-5 money left over for distribution was conservatively based on the PBGC getting 45 cents on the dollar for their claim. If they got more, than the PC-5 redistribution will be greater than the ADC model, likewise, if they got less (ALPA got 60 cents) than the PC-5 redistribution will be less.
07-14-2009, 04:01 PM
veut gagner à la loterie
Joined APC: Apr 2008
Position: Light Chop
Posts: 23,286
What about all of this stuff about Embraer and Delta talking (since last year evidently) about a larger than E195 aircraft?
If Delta sat down with Embraer I'm sure they did it with Bombardier. Either way.
Some rumors are about Embraer working with Boeing, don't flame me, just repeating. From what I was told by Embraer reps is that there were former Boeing engineers that designed the 145 and then Ejet. Also, the labor costs in Brazil are not only 1/3 the cost over Renton/Everett but they are some of the most sought after technology jobs in the country. So I wonder if Boeing would find it attractive to concentrate on its current designs and widebodies and work with Embraer over doing an aircraft in Washington St.
If Delta sat down with Embraer I'm sure they did it with Bombardier. Either way.
Some rumors are about Embraer working with Boeing, don't flame me, just repeating. From what I was told by Embraer reps is that there were former Boeing engineers that designed the 145 and then Ejet. Also, the labor costs in Brazil are not only 1/3 the cost over Renton/Everett but they are some of the most sought after technology jobs in the country. So I wonder if Boeing would find it attractive to concentrate on its current designs and widebodies and work with Embraer over doing an aircraft in Washington St.
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