Loss of USPS contract…
04-04-2024, 06:11 PM
#101
Gets Weekends Off
Joined APC: Jan 2007
Posts: 1,199
Did that guy just say we’ve been flying USPS routes without USPS mail on them because FedEx has to? So all those boxes and trucks on the ramp with “USPS” written on them are just FedEx freight disguised as mail???
FedEx boned the deal up, per the usual. Plain and simple.
FedEx boned the deal up, per the usual. Plain and simple.
First question on the application “Do you have even the slightest idea how to read financial disclosures? If not, please continue filling out the rest of the app. We want you.”.
04-04-2024, 07:57 PM
#102
Gets Weekends Off
Joined APC: Dec 2023
Posts: 187
Comments like yours are why I have full faith this pilot group will never get its act together long enough to negotiate another contract. The ability to simply ignore legal financial statements that clearly state we have been losing money on the postal contract ever since the Post Office reduced its air shipments by 95% in the last two years is a rare gift seemingly reserved for people hired to fly Purple Tails. Maybe the company made that a hiring goal.
First question on the application “Do you have even the slightest idea how to read financial disclosures? If not, please continue filling out the rest of the app. We want you.”.
First question on the application “Do you have even the slightest idea how to read financial disclosures? If not, please continue filling out the rest of the app. We want you.”.
04-05-2024, 04:59 AM
#103
Line Holder
Joined APC: Mar 2024
Posts: 53
I’d prefer a bigger lump sum retirement that doesn’t end when me and my wife die.
04-05-2024, 05:15 AM
#104
maxing the min/Moderator
Joined APC: Aug 2005
Position: 757
Posts: 1,407
Isnt there a guaranteed term payment option on your pension?
04-05-2024, 05:21 AM
#105
Gets Weekends Off
Joined APC: Jul 2023
Posts: 132
Another benifit of the lump sum that I haven't seen talked about is if you are ready to retire at an age less than 60 you don't have to wait to get your full retirement. There is no 3% cut for each year prior to age 60. There also isn't a survivor benefir reduction with a lump sum. Because of my wifes age it costs me 25K to leave her with 100% ie I have to work to 60 and I only get 105k. Lump sum buy out option looks pretty good to me.
04-05-2024, 05:25 AM
#106
maxing the min/Moderator
Joined APC: Aug 2005
Position: 757
Posts: 1,407
Another benifit of the lump sum that I haven't seen talked about is if you are ready to retire at an age less than 60 you don't have to wait to get your full retirement. There is no 3% cut for each year prior to age 60. There also isn't a survivor benefir reduction with a lump sum. Because of my wifes age it costs me 25K to leave her with 100% ie I have to work to 60 and I only get 105k. Lump sum buy out option looks pretty good to me.
04-05-2024, 05:50 AM
#108
Gets Weekends Off
Joined APC: Nov 2017
Position: Wichita
Posts: 730
Comments like yours are why I have full faith this pilot group will never get its act together long enough to negotiate another contract. The ability to simply ignore legal financial statements that clearly state we have been losing money on the postal contract ever since the Post Office reduced its air shipments by 95% in the last two years is a rare gift seemingly reserved for people hired to fly Purple Tails. Maybe the company made that a hiring goal.
First question on the application “Do you have even the slightest idea how to read financial disclosures? If not, please continue filling out the rest of the app. We want you.”.
First question on the application “Do you have even the slightest idea how to read financial disclosures? If not, please continue filling out the rest of the app. We want you.”.
04-05-2024, 07:13 AM
#109
Line Holder
Joined APC: Mar 2024
Posts: 53
There is a term payment option but you can only have one beneficiary. So to my point, both me and my wife die on our first retirement vacation, the kiddos get nothing. That's roughly $2 million dollars that vanishes and the company recoups.
04-05-2024, 07:19 AM
#110
maxing the min/Moderator
Joined APC: Aug 2005
Position: 757
Posts: 1,407
Can you simply make your estate the beneficiary?
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