Any "Latest & Greatest" about Delta?
11-11-2009, 08:16 AM
Gets Weekends Off
Joined APC: Feb 2008
Position: 777 Sim Instructor
Posts: 745
If I was thinking on myself only, I would just prefer more DC money. I would love to max that sucker out each year. My projections have me retiring with more cash than a DB would ever give me! (By a few million BTW)
Again, I am only 35 so my sight picture if a lot different than 85% of our group and I know that.
Again, I am only 35 so my sight picture if a lot different than 85% of our group and I know that.
ay,work rules,scope,sick leave,vacation etc.
11-11-2009, 08:21 AM
No longer cares
Joined APC: Mar 2008
Position: 767er Captain
Posts: 12,109
Who in their right mind (maybe I just answered my own question) would want a DB plan back? Have they been asleep for the past few years? Were they in a coma during BK? I'd LOVE to hear from some of you that think this would be a good idea.
11-11-2009, 08:23 AM
Gets Weekends Off
Joined APC: Feb 2006
Posts: 1,242
To tag onto this concept, we need to keep the ability to drop our schedule as low as we want with no penalty. I think a lot of guys, as they get older, will want to semi-retire by flying a couple of short trips per month. This will benefit everyone, as the manning for wide-body left seats will need to be higher.
I know that's what I hope to do when I get to that age...
I know that's what I hope to do when I get to that age...
It was shot down for 2 reasons:
1. The junior, i.e. younger, guys feel that you either fly a full schedule or retire. I happen to agree with this.
2. The companies fixed cost for each pilot remains the same if you fly 1 hr. or 80 hrs.
I am sure there are ways to resolve both issues but it just seemed the majority of pilots did not like the concept
11-11-2009, 08:25 AM
Gets Weekends Off
Joined APC: Apr 2005
Position: 767ER capt
Posts: 1,190
How about partial month schedule where you bid one or two trips, and allow the remainder of your possible schedule to go to the next guy who is slightly junior to you.
I personally do not like where a senior guy can be slightly retired and see what the fruits of seniority have given him, only to drop it in the pot so junior guys can pick it up. It should be taken out of your PCS run and given to guys in the initial run!
I am junior too, and your idea works better for me, but not for the group as a whole
Thoughts?
I personally do not like where a senior guy can be slightly retired and see what the fruits of seniority have given him, only to drop it in the pot so junior guys can pick it up. It should be taken out of your PCS run and given to guys in the initial run!
I am junior too, and your idea works better for me, but not for the group as a whole
Thoughts?
Under the present system, I could (if I were senior enough) bid the better trips on weekdays, and drop a couple of them. Even if the the manning wouldn't allow PDs, the trips would get picked up as QPDs. It sounds a little like trickle-down economics...
11-11-2009, 08:26 AM
Gets Weekends Off
Joined APC: Feb 2008
Position: 777 Sim Instructor
Posts: 745
Tsquare,I agree 100% and I'm 1 of those greedy senior evil empire guys.
11-11-2009, 08:27 AM
No longer cares
Joined APC: Mar 2008
Position: 767er Captain
Posts: 12,109
The idea of having an association administer a DB is an idea that I would be willing to look at. Others unions do it, and it works well for them. There does not seem to be a lot of support for that at this time, but it would offer similar protections that a DC does. The company would have to deposit X dollars per period per pilot, and we could then dole it out. A lot of work would have to be done to make it work.
With the level of distrust of ALPA it would be an uphill battle, but one I could see ALPA doing. It would make sense from a numbers stand point. It would be very hard for the pilots to vote ALPA off the property if they had their retirement tied up........
With the level of distrust of ALPA it would be an uphill battle, but one I could see ALPA doing. It would make sense from a numbers stand point. It would be very hard for the pilots to vote ALPA off the property if they had their retirement tied up........
11-11-2009, 08:30 AM
Gets Weekends Off
Joined APC: Apr 2005
Position: 767ER capt
Posts: 1,190
I'm pretty senior, too, and have ZERO interest in going back to a DB plan.
11-11-2009, 08:33 AM
Gets Weekends Off
Joined APC: Sep 2008
Position: Kickin’ Back
Posts: 6,971
That is one way of setting up your bid. If you are using multiple lines requesting the same days (only reducing by one or two) you would want to use an "All or Nothing" or "Forget" and "Redo".
Example of not using All or Nothing or Forget % Redo:
1. Prefer off December 25, 24, 26, 23, 12, 05
2. Prefer off December 25, 24, 26, 23, 12
What is going to happen in denial is (after it has removed all the lower negative preferences) is remove the 12th, then the 23rd, then the 26 and so on from line 2. Then it will move up to line one and remove the 5th, 12th, etc.
Example of not using All or Nothing or Forget % Redo:
1. Prefer off December 25, 24, 26, 23, 12, 05
2. Prefer off December 25, 24, 26, 23, 12
What is going to happen in denial is (after it has removed all the lower negative preferences) is remove the 12th, then the 23rd, then the 26 and so on from line 2. Then it will move up to line one and remove the 5th, 12th, etc.
Here is another question: Is it better to start out less restrictive and work to more restrictive or vice versa? Example:
1. Prefer off Dec. 25,24,26
2. Prefer off Dec 25,24,26,27
3. Prefer off Dec. 25,24,26,27,23
I'm thinking having a bid like this that eventually encompasses all the days off that I want is the way for me to go.
Denny
11-11-2009, 08:34 AM
At home on the maddog!
Joined APC: Mar 2009
Position: ATL MD-88A
Posts: 2,874
I like what Cathay does with their retirement money. You have the option of taking the 15% they contribute as normal income and pay the taxes on it and invest it outside of our traditional means. It should be an option we should look at. It makes sense for a lot of us!
Don't forget about the BrokerageLink we have available for our 401k and DC Plan. You can do just about anything you want (in terms of market based investments) in the BrokerageLink.
Personally, I can't see losing the tax advantage on that money to invest it in real estate or some kind of business. Odds are you can do better over time in the market. And, unlike 99% of all the other defined contribution plans out there, we are very fortunate in that we aren't limited to a bunch of crappy mutual funds.
11-11-2009, 08:34 AM
No longer cares
Joined APC: Mar 2008
Position: 767er Captain
Posts: 12,109
This has been looked at in the past up North.
It was shot down for 2 reasons:
1. The junior, i.e. younger, guys feel that you either fly a full schedule or retire. I happen to agree with this.
2. The companies fixed cost for each pilot remains the same if you fly 1 hr. or 80 hrs.
I am sure there are ways to resolve both issues but it just seemed the majority of pilots did not like the concept
It was shot down for 2 reasons:
1. The junior, i.e. younger, guys feel that you either fly a full schedule or retire. I happen to agree with this.
2. The companies fixed cost for each pilot remains the same if you fly 1 hr. or 80 hrs.
I am sure there are ways to resolve both issues but it just seemed the majority of pilots did not like the concept
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