Any "Latest & Greatest" about Delta?
Banned
Joined APC: Jul 2010
Posts: 793
It's one thing to see where the government benefit is going, it is quite another to see a db melt away in a few years after 20 years of service. The smart ones had about 750k in their 401k's and a few are millionaires, but the majority are not even close. Add to it the fact that they will, like us have to pay for medical insurance in whole at some point during their retirement. They are doing what is best for their families. You will too. Point the finger at who is truly responsible for where this career has gone, and then work to change it, but do not knife your fellow DAL pilots in the back.
A divided group fails.
A divided group fails.
Think of it this way. Are you saving a significantly greater portion of your earnings outside of your 401k or DAL retirement plans? Those could be taken at some point by the government to fund everyone's retirement. You scoff and laugh and say it will never happens; that I am nuts. That is my point, that is exactly what most who lost their pensions said. Some were paranoid or smarter than the rest but the majority thought that their retirement planning was the pension. Now faced with a few million dollar shortfall(the market has not performed well since the payout)they have to work. I am sure most (besides dal88)would rather be doing something else past 60.
Now, having said all that... I disagree slightly with your comment on having "a few million dollar shortfall" and insinuating that is because of the performance of the market over the past few years. That is certainly true for a lot of individuals (although I would submit it is due primarily to the loss of the pension), but it is not a given for everyone. I am quite happy with the performance of my 401k and DC Plan over the past 5 years and expect it to provide a retirement income at age 65 that will be at least equal to what I would have had with the pension and possibly superior to that.
I also MUCH prefer that the money is now in my name. That doesn't eliminate all the risk by any means, but it certainly takes away a significant risk that bit many of us in the butt. As for the government confiscating our 401k's... I think that's pretty far out there. I guess anything's possible. But if you're going to get into that kind of stuff, then maybe you should just be buying gold, guns, and ammo, storing food, building a bunker, and setting up communications with Urantia to get your grid cleansed.
RES Question: Aren't we allowed to move days around now so as to be on call more than 6 days? Have a request in that hasn't been honored. The days I'm trying to move to are "blue," but it says "WARNING-Pilot needs 24 hours rest."
I'm trying to work the last 6 days of this month, and I'm currently scheduled for RES the first 2 days of next month. What gives?
I'm trying to work the last 6 days of this month, and I'm currently scheduled for RES the first 2 days of next month. What gives?
Gets Weekends Off
Joined APC: Apr 2008
Position: DAL FO
Posts: 2,174
RES Question: Aren't we allowed to move days around now so as to be on call more than 6 days? Have a request in that hasn't been honored. The days I'm trying to move to are "blue," but it says "WARNING-Pilot needs 24 hours rest."
I'm trying to work the last 6 days of this month, and I'm currently scheduled for RES the first 2 days of next month. What gives?
I'm trying to work the last 6 days of this month, and I'm currently scheduled for RES the first 2 days of next month. What gives?
Line Holder
Joined APC: Jan 2007
Posts: 57
Question on AE results
What's the carrot (<) mean next to some seniority numbers?
Gets Weekends Off
Joined APC: Oct 2010
Position: Decoupled
Posts: 922
I would have gone before 60. I fly to live not live to fly.
Back in the day, we watched Eastern and Braniff implode. Anyone who didn't understand the ramifications of those events was sticking their head in the sand. After that, I have lived and saved as if there would never be a pension. Sadly, I was proven correct. I know lots of guys my age and seniority that didn't plan this way. I'm going to be okay, but I expect to see a few in pretty dire circumstances in a few years.
Sadly, circumstances have not conspired to allow me to leave until 60. I'm still on track for 60. If you want to take up a collection, I will be happy to leave earlier.
Back in the day, we watched Eastern and Braniff implode. Anyone who didn't understand the ramifications of those events was sticking their head in the sand. After that, I have lived and saved as if there would never be a pension. Sadly, I was proven correct. I know lots of guys my age and seniority that didn't plan this way. I'm going to be okay, but I expect to see a few in pretty dire circumstances in a few years.
Sadly, circumstances have not conspired to allow me to leave until 60. I'm still on track for 60. If you want to take up a collection, I will be happy to leave earlier.
Can't abide NAI
Joined APC: Jun 2007
Position: Douglas Aerospace post production Flight Test & Work Around Engineering bulletin dissembler
Posts: 12,038
The growing over 60 crowd does not need your sympathy or justifications.
You're being political. You don't have to be. They have the legal right to stay and enjoy their seniority - that is the end of the discussion.
Reminds me of a 200 series law class taught by a Hah'varhd JD. She rambled on for about two weeks, asking the class what we thought about different cases ... a grand time was enjoyed by all debating our opinions. As drop day approached I finally had to ask, "hey, we're nobodies and no one gives a rat's hindquarters of our opinions outside of the class. Are we going to study how the law functions and has been interpreted, or continue to waste our time with this?"
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