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Old 04-11-2010, 04:03 PM
  #33881  
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Originally Posted by shiznit
I disagree. (and I am pretty darn junior). High payrates on the biggest metal is a great idea when everybody will get to spend the last 3-5 years as a captain on said metal, AND IF YOU HAVE PENSIONS BASED ON FAE....

We have retirements based on % of earnings now. As such, I would MUCH rather see higher payrates SOONER(and end up flatter later) rather than make up for it with trying to top out high late so I can take advantage of compounding and have a better retirement.

It goes back to career earnings, not earnings at the end of the career.
In principle I agree with what you said above but how do you implement it with a bunch of guys who lost a huge amount via the terminated DB and do not have the "time" to take full advantage of compounding?

Denny
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Old 04-11-2010, 04:10 PM
  #33882  
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Originally Posted by tsquare
Yeah I'd be really interested to hear something other than the fact that it allows more flexibility for the company in utilization of reserves... that coupled with the days of availability and raw/croc/undecipherable garbage that determines utilization of the botton 15% or so of every category on the property... not to mention for lower pay.... Probably what was said was that reserves are paid even for sitting home doing nothing while a regular line holder has to work for every minute they are paid. true enough when back in the day categories were overstaffed and guys sat around for weeks on end and reserve went SENIOR... but that is not true today. Reserves can get worked 18 days and never get close to the guarantee... while a regular guy working the same days will be paid 80+. It doesn't float anymore.
T, you may be onto something there. I couldn't find a big enough screwdriver to pry it loose from memory, but what you say may very well have been what was there. If that was the logic, then I am totally in agreement.
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Old 04-11-2010, 04:14 PM
  #33883  
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Originally Posted by Denny Crane
In principle I agree with what you said above but how do you implement it with a bunch of guys who lost a huge amount via the terminated DB and do not have the "time" to take full advantage of compounding?

Denny
Denny, that would be me.
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Old 04-11-2010, 04:15 PM
  #33884  
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For my 2012 "wants", if it came down to a few things that would have the biggest impact:

1. Pay and credit for ALL activities (e.g. training, deadhead only, vacation, reserve days.)

2. Duty periods calculated on a day by day, not look back/averages.

3. DPM of 5:30 in 2012, 5:40 in 2013, 5:50 in 2014, 6:00 in 2015 (6:00 is FDX current book)

4. Payrates to equal FDX widebody for ALL FLEET TYPES equally.(see next for "adjustments").

5. Return of night override of $10 CA, $7 FO for all time 2200-0600 Local Base Time, LBT resets with layovers greater than 72 hrs.

6. Increase of intl. override of $10 CA, $7 FO.

7. DC of 18%.

8. Profit sharing/bonuses calculated using the same methodology as top 10 company officers (amounts would obviously be lower, but it would equalize the "payouts in a corporate loss" animosity).

Yes, ALPA guys, it is a WISH LIST, I understand we need leverage to make gains.....

Pay and credit for ALL activities would increase pay, QOL and opportunities for EVERYBODY in huge ways (ask Sailing for details on this). Night and intl. overrides would make up for changes in "pay by type" equalization. I have some interesting "outside the box" ideas stemming from the pay and credit thing but can't truly and fully explain them in webboard form.

Enjoy!
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Old 04-11-2010, 04:20 PM
  #33885  
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Originally Posted by Denny Crane
In principle I agree with what you said above but how do you implement it with a bunch of guys who lost a huge amount via the terminated DB and do not have the "time" to take full advantage of compounding?

Denny
9. Make up DC contribution to IRS max funded by company for those the the "Dead Zone"......

Add to my other list, because I do think the "dead zoners" should have way to recoup, although carveouts normally hurt unity not necessarily help, I think this would be a worthy exception. Penion theft by Leo et al. should have been a criminal offense.
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Old 04-11-2010, 04:25 PM
  #33886  
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Originally Posted by Waves
Denny, that would be me.

Welcome to the club!!

Denny
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Old 04-11-2010, 04:25 PM
  #33887  
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Originally Posted by Denny Crane
In principle I agree with what you said above but how do you implement it with a bunch of guys who lost a huge amount via the terminated DB and do not have the "time" to take full advantage of compounding?

Denny
I advocated this when we were going through the JPWA stuff. Raising first year pay by 1 dollar is worth more in the long run than raising 12 year A pay by 10 dollars. (Ok, so I pulled that number out of my tushy, but you get the point.)

I was thinking a bigger pay bump for the bottom coupled with a bigger DC bump for the top. Would that satisfy the Deadzone guys? I understand their dilemma, but neither end of the list should screw the other for personal gains.
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Old 04-11-2010, 04:26 PM
  #33888  
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Originally Posted by Denny Crane
In principle I agree with what you said above but how do you implement it with a bunch of guys who lost a huge amount via the terminated DB and do not have the "time" to take full advantage of compounding?

Denny
So I should lose out because you did? (JOKE! That would be the "FU I want mine" response.)

Reality from the world according to Shiznit:

Expect that I will stand beside senior pilots to try and help make up for losses, and I expect you will stand beside junior pilots to make sure that can never happen to us as a group again. Expect that we would always stand side by side to improve day-to-day QOL for all pilots no matter what, where, who, or when!
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Old 04-11-2010, 04:28 PM
  #33889  
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Originally Posted by shiznit
9. Make up DC contribution to IRS max funded by company for those the the "Dead Zone"......

Add to my other list, because I do think the "dead zoners" should have way to recoup, although carveouts normally hurt unity not necessarily help, I think this would be a worthy exception. Penion theft by Leo et al. should have been a criminal offense.

Thank you Shiz! I could go for all the items you posted in your previous too!!

Denny
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Old 04-11-2010, 04:30 PM
  #33890  
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Originally Posted by JobHopper
You know, I hadn't actually thought of this, but you are 100% correct. Retirements used to be based on that magical 5 year FAE, but no more. The big money now, like you said, is more income earlier.

Million dollar question: Could this pilot group adopt such a radical paradigm shift?
Actually, it has stated with the FO rates being a higher percentage to what a captain makes.

There is also another advantage of the pension being gone. We are no longer myopic on FAE and therefore do not have to focus on keeping the high end rates up at the cost of things like scope, work rules, etc.
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