MEC Christmas Card
01-11-2019, 08:01 AM
#151
Gets Weekends Off
Joined APC: Mar 2006
Position: guppy CA
Posts: 5,171
I think that is my overall point. A defined benefit plan is still coming out of my over all pay, no free money or lunch hiding here.
Additionally do you have any examples of people who have maxed out their 401k limits and also received defined benefit accounts? If so show us examples of your wisdom.
In the end I want the money in my control. Fool me once...
Additionally do you have any examples of people who have maxed out their 401k limits and also received defined benefit accounts? If so show us examples of your wisdom.
In the end I want the money in my control. Fool me once...
It's just too easy for management to raid DBPs and there's no way to have a DBP that isn't under managment's control.
01-11-2019, 08:05 AM
#152
Gets Weekends Off
Joined APC: Mar 2006
Position: guppy CA
Posts: 5,171
I'd suggest that anybody bidding during a vacation month should download the PTC-MPG-PAY-Calculator Excel spreadsheet from UAL ALPA:
https://www.alpa.org/ual/-/media/UAL...alculator.xlsx
As an example, I am on a global fleet for February with a PBS credit range of 69-80 hours and I have a week of vacation.
https://www.alpa.org/ual/-/media/UAL...alculator.xlsx
As an example, I am on a global fleet for February with a PBS credit range of 69-80 hours and I have a week of vacation.
- If I bid a min schedule, I need to be awarded a minimum of 46:15 of flying by PBS. My pay for the month, however, will be 78:45 due to MPG, not 69:00. If I fly 9:45 more, my pay will still be 78:45 due to MPG. Key concept: THERE IS NOTHING IN PBS THAT SHOWS MPG. Anybody looking at my line award in PBS will think I have a 69:00 month.
- Conversely, if I bid a MAX schedule in PBS (80:00 hours) that will mean I need 57:15 in credit via PBS. It also means I will have to fly an additional 11:00 hours for that extra 1:15 of pay.
Folks can do whatever they want in a vacation month, but they should do so with numbers calculated in advance.- Conversely, if I bid a MAX schedule in PBS (80:00 hours) that will mean I need 57:15 in credit via PBS. It also means I will have to fly an additional 11:00 hours for that extra 1:15 of pay.
01-11-2019, 08:18 AM
#153
Gets Weekends Off
Joined APC: May 2009
Position: The GF of FUPM
Posts: 3,073
01-11-2019, 11:03 AM
#156
Gets Weekends Off
Joined APC: Oct 2010
Posts: 2,639
(*Rhetorical question: Is it really still beta if it's been beta for 3 years?)
01-14-2019, 12:59 PM
#158
Banned
Joined APC: Feb 2018
Position: B-737 Captain
Posts: 657
If you want to keep doing this, that is your call, but you are either giving up the "free" flying during PBS or giving it away when you pick up.
So, if you are going to pick up to max anyway, don't change your bidding strategy and get something you don't want to fly in PBS. Bid whatever you really want and then pick up to your hearts content (using the vacation day move strategy discussed above).
Whether awarded high time in PBS or getting to high time via pickups, you are "giving away" the free time, but if you intend to go for the high time either way, then when you give up the free flying is irrelevant.
If you are trying to maximize your "free time" then you need to pay attention to your bidding in PBS. In the summer months or any month when your BES has high line values, it may be difficult to keep your PTC below MPG, especially with only one week of vacation. But in low line value months or months that you have 2 weeks of vacation. it is usually easy. For instance, this month I have two weeks of vacation and my bid award has 26:45 of PTC, but my MPG is 39:40, so almost 13 hours of "free flying." I am a time off guy, so that was just what I was asking for.
So, if you are going to pick up to max anyway, don't change your bidding strategy and get something you don't want to fly in PBS. Bid whatever you really want and then pick up to your hearts content (using the vacation day move strategy discussed above).
Whether awarded high time in PBS or getting to high time via pickups, you are "giving away" the free time, but if you intend to go for the high time either way, then when you give up the free flying is irrelevant.
If you are trying to maximize your "free time" then you need to pay attention to your bidding in PBS. In the summer months or any month when your BES has high line values, it may be difficult to keep your PTC below MPG, especially with only one week of vacation. But in low line value months or months that you have 2 weeks of vacation. it is usually easy. For instance, this month I have two weeks of vacation and my bid award has 26:45 of PTC, but my MPG is 39:40, so almost 13 hours of "free flying." I am a time off guy, so that was just what I was asking for.
I'd suggest that anybody bidding during a vacation month should download the PTC-MPG-PAY-Calculator Excel spreadsheet from UAL ALPA:
https://www.alpa.org/ual/-/media/UAL...alculator.xlsx
As an example, I am on a global fleet for February with a PBS credit range of 69-80 hours and I have a week of vacation.
https://www.alpa.org/ual/-/media/UAL...alculator.xlsx
As an example, I am on a global fleet for February with a PBS credit range of 69-80 hours and I have a week of vacation.
- If I bid a min schedule, I need to be awarded a minimum of 46:15 of flying by PBS. My pay for the month, however, will be 78:45 due to MPG, not 69:00. If I fly 9:45 more, my pay will still be 78:45 due to MPG. Key concept: THERE IS NOTHING IN PBS THAT SHOWS MPG. Anybody looking at my line award in PBS will think I have a 69:00 month.
- Conversely, if I bid a MAX schedule in PBS (80:00 hours) that will mean I need 57:15 in credit via PBS. It also means I will have to fly an additional 11:00 hours for that extra 1:15 of pay.
Folks can do whatever they want in a vacation month, but they should do so with numbers calculated in advance.- Conversely, if I bid a MAX schedule in PBS (80:00 hours) that will mean I need 57:15 in credit via PBS. It also means I will have to fly an additional 11:00 hours for that extra 1:15 of pay.
Thanks guys.
Last edited by guppie; 01-14-2019 at 01:19 PM.
01-15-2019, 06:17 AM
#159
Banned
Joined APC: May 2014
Position: Tom’s Whipping boy.
Posts: 1,182
I know of Continental pilots that retired after about 10 years in their DB plan with a lump sum of over a million (in addition to 401k), in 2004. And that was calculated on obviuosly lower CAL wages. Although the plan started in ‘92, it credited their service back to their hire date of ‘85 with NYA, PEX, or CAL. You have to understand how DB plan benefits are calculated and service credited.
Backdating a DB plan to provide “make up or catch up” is a kind of outside box thinking you have missed.
Someone mentioned the company “rading” a DB plan... The laws have long such changed. Employers can’t do that anymore.
This is a retirement plan that does not rely on big profit sharing checks or your prowess as a stock market investor.
01-15-2019, 06:40 AM
#160
Gets Weekends Off
Joined APC: Oct 2010
Posts: 2,639
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