DAL early retirement 2009/2011
04-28-2011, 03:40 PM
#171
Gets Weekends Off
Joined APC: Jun 2008
Posts: 3,716
What does the HCTC do for the PBGC retiree's?
04-28-2011, 05:27 PM
#172
Gets Weekends Off
Joined APC: Apr 2009
Posts: 187
Can you define "exorbitant"?
I know pilots who retire now pay a "lot" for retiree medical, but I think a few months of cash is more than enough to cover the difference. Having said that, last time when we had the PRIP, these guys got 6-9 months of cash, and still only had about 175 leave, so I wonder just how much it would take to get a bunch of senior guys to retire?? And would paying for their medical really do it?
I know pilots who retire now pay a "lot" for retiree medical, but I think a few months of cash is more than enough to cover the difference. Having said that, last time when we had the PRIP, these guys got 6-9 months of cash, and still only had about 175 leave, so I wonder just how much it would take to get a bunch of senior guys to retire?? And would paying for their medical really do it?
04-28-2011, 07:52 PM
#173
Da Hudge
Joined APC: Oct 2006
Position: Poodle Whisperer
Posts: 17,473
Funny, Carl. I just present FACTS.
FACT #1: The Delta MEC, led by Lee Moak, extracted the highest bankruptcy claim value (in claim $$) of ANY of the 4 airlines that went through bankruptcy.
FACT #2: The Delta MEC, led by Lee Moak, extracted the highest cash return on that claim and put more money in DAL pilots' pockets than ANY of the other 3 network carriers that went through the identical bankruptcy process.
FACT #3: The Delta MEC, led by Lee Moak, extracted the highest note value of ANY of the 3 airlines that had their pensions terminated in bankruptcy.
FACT #4: The Delta MEC, led by Lee Moak, and now with the participation of the former NWA MEC, was the FIRST to negotiate an agreement PRIOR to a merger, which resulted in REAL cash put in your pocket in the form of shares of stock of the post merger company.
FACT #5: The Delta MEC, led by Lee Moak, with the participation of the former NWA MEC, negotiated a contract that now has DAL pilots paid higher than ANY other pilot group among our peer group.
FACT #6: The Delta pilots have received larger percentage raises the past 3 years than ANY other airline.
FACT #7: The Delta MEC, led by Lee Moak, with the participation of the former NWA MEC, negotiated a contract that put 6.5% of pay into pilots' pockets in February in the form of profit sharing.
FACT #8: APA, with their clear objectives, has achieved nothing.
Having said all that, it is my OPINION, that we are still grossly underpaid for the expertise we bring to the table; but it is also my OPINION that the NMB could care less about that.
Those are the facts, plain and simple. It doesn't mean I'm happy with where we are, but they do speak for themselves.
Meanwhile, DPA can't meet a single objective they lay out for themselves, nor can APA. And yet you guys support them, because they both TALK tough.
"RHETORIC not RESULTS". There's another bag tag for you. No charge.
FACT #1: The Delta MEC, led by Lee Moak, extracted the highest bankruptcy claim value (in claim $$) of ANY of the 4 airlines that went through bankruptcy.
FACT #2: The Delta MEC, led by Lee Moak, extracted the highest cash return on that claim and put more money in DAL pilots' pockets than ANY of the other 3 network carriers that went through the identical bankruptcy process.
FACT #3: The Delta MEC, led by Lee Moak, extracted the highest note value of ANY of the 3 airlines that had their pensions terminated in bankruptcy.
FACT #4: The Delta MEC, led by Lee Moak, and now with the participation of the former NWA MEC, was the FIRST to negotiate an agreement PRIOR to a merger, which resulted in REAL cash put in your pocket in the form of shares of stock of the post merger company.
FACT #5: The Delta MEC, led by Lee Moak, with the participation of the former NWA MEC, negotiated a contract that now has DAL pilots paid higher than ANY other pilot group among our peer group.
FACT #6: The Delta pilots have received larger percentage raises the past 3 years than ANY other airline.
FACT #7: The Delta MEC, led by Lee Moak, with the participation of the former NWA MEC, negotiated a contract that put 6.5% of pay into pilots' pockets in February in the form of profit sharing.
FACT #8: APA, with their clear objectives, has achieved nothing.
Having said all that, it is my OPINION, that we are still grossly underpaid for the expertise we bring to the table; but it is also my OPINION that the NMB could care less about that.
Those are the facts, plain and simple. It doesn't mean I'm happy with where we are, but they do speak for themselves.
Meanwhile, DPA can't meet a single objective they lay out for themselves, nor can APA. And yet you guys support them, because they both TALK tough.
"RHETORIC not RESULTS". There's another bag tag for you. No charge.
04-29-2011, 09:50 AM
#179
Gets Weekends Off
Joined APC: Mar 2008
Posts: 3,902
Looking at the ALPA "promotional materials" from prior to SOC, a pilot who decides to take early retirement before age 65 (sad that "early" is now before 65), the cost is roughly TWICE what it was under the NWA contract.
Retirement pre-age 60 it is nearly six times the cost. Under the fNWA contract, you simply had to have 15 years service to be eligible for retiree health insurance, no matter when you retired.
Mind you, this is a comparason between the old DAL DPMP and the NWA Standard plan, which was superior in every way. An apples to apples comparason would probably be even greater.
If you were to retire at 60 (vs 65), and you had a spouse and, say, one child still on insurance, you'd be well into the five figures difference over five years.
Nu
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