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Old 04-23-2011, 07:49 PM
  #81  
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Originally Posted by DAL 88 Driver
I think it got washed away. And it went something like this:

From Here To Eternity Beach Scene
Almost perfect. You give Moak too much credit comparing him to Burt Lancaster, but I'm sure slow looks at Moak with the same googly eyes. Well done!
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Old 04-23-2011, 08:53 PM
  #82  
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Originally Posted by slowplay
Not exactly...

But keep trying. Reading is fundamental...

Wow. In all of Carl's shotgun style posts, the one that drew the above response from you Slow resonates.

I, and I am sure others here, would actually like to hear how that came about. How do the best labor lawyers our dues can buy craft a document as specific as the BPL and either fail in its construction or in upholding it?
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Old 04-23-2011, 09:06 PM
  #83  
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Whoever drew up the SERP agreements made sure that they couldn't be voided in bankruptcy!
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Old 04-23-2011, 09:18 PM
  #84  
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The core of the early retirement issue is the cost of insurance. If the company would offer some kind of bridge insurance at a reasonable rate, you'd see a lot more people bail

Even offering 6 months pay is little incentive for someone looking at five years or more large health care costs.

Nu
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Old 04-23-2011, 10:10 PM
  #85  
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Originally Posted by tomgoodman
Whoever drew up the SERP agreements made sure that they couldn't be voided in bankruptcy!
Those would be the "top of their class" lawyers from the prestigious law schools. You know. The ones that rose to the postions of editor of their law review.

Just like those guys we have working legal in house for us at ALPA. That is where most of these lawyers aspire to practice, particularly in a city like DC!

Interesting side point. Both Gerald and Richard are lawyers. See any of them negotiating their own contracts here at Delta?
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Old 04-24-2011, 01:17 AM
  #86  
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Slow is waiting for direction from LM and the Alpa lawyers before answering



QUOTE=TheManager;984722]Wow. In all of Carl's shotgun style posts, the one that drew the above response from you Slow resonates.

I, and I am sure others here, would actually like to hear how that came about. How do the best labor lawyers our dues can buy craft a document as specific as the BPL and either fail in its construction or in upholding it?[/QUOTE]
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Old 04-24-2011, 02:20 AM
  #87  
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Originally Posted by NuGuy
The core of the early retirement issue is the cost of insurance. If the company would offer some kind of bridge insurance at a reasonable rate, you'd see a lot more people bail

Even offering 6 months pay is little incentive for someone looking at five years or more large health care costs.

Nu
Nu, pull out your calculator. 6 months pay is about $90k for a senior guy. The differential in insurance between a retiree and what he'd pay active for 5 years is about $20k for the former NWA medical plan. Tell me again which one is more incentive?
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Old 04-24-2011, 04:50 AM
  #88  
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Originally Posted by TheManager
I, and I am sure others here, would actually like to hear how that came about. How do the best labor lawyers our dues can buy craft a document as specific as the BPL and either fail in its construction or in upholding it?
You've been through BK. Did you think there's a magic "easy button"? If there was, everybody would use it. Look around...

The process was stacked heavily in favor of management. I think your last sentence is a complete mischaracterization of the BPL.

Last edited by slowplay; 04-24-2011 at 05:24 AM. Reason: spelling
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Old 04-24-2011, 05:02 AM
  #89  
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Originally Posted by NERD
Slow is waiting for direction from LM and the Alpa lawyers before answering
Nice! Happy Easter to you, NERD. Sorry that 10 hours overnight is too long. You guys must have really lit up the DPA boards during your prime thinking hours...
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Old 04-24-2011, 05:05 AM
  #90  
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Originally Posted by NuGuy
The core of the early retirement issue is the cost of insurance. If the company would offer some kind of bridge insurance at a reasonable rate, you'd see a lot more people bail.
My airline began to allow early retirerees to stay in the company medical plan with their premiums paid by the pilot's accumulated sick bank. A pretty good deal since the sick bank used to just disappear upon retirement. Effect on the number retirements? Zero.

Turns out it wasn't the medical keeping people from retiring. It was not wanting to give up $15K/month.
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