Latest AIP rumor 6/7/22
#481
Banned
Joined APC: Oct 2020
Posts: 345
Stop being your own echo chamber! We get 16%. That’s more than any doctor, lawyer, engineer, or investment banker that I know. It’s good. When we negotiate for improvements, let’s make it to things we can enjoy the benefit from now! We don’t need more retirement contributions.
If you keep talking about retirement increases, you’re just setting yourself up to be disappointed. United did not get any retirement increases in our TA and American did not get any retirement increases in their offer. It’s not going to happen.
Pensions are dead. If you can’t retire on 16% of a 300k+ a year job, you might have a problem.
If you keep talking about retirement increases, you’re just setting yourself up to be disappointed. United did not get any retirement increases in our TA and American did not get any retirement increases in their offer. It’s not going to happen.
Pensions are dead. If you can’t retire on 16% of a 300k+ a year job, you might have a problem.
#483
Line Holder
Joined APC: Dec 2019
Posts: 84
He’s worried he won’t have enough for retirement. A fire from the hip type Boomer. It makes sense. Don’t trust, just verify everything here.
#484
Gets Weekends Off
Joined APC: Aug 2008
Position: 787 Captain
Posts: 1,512
#485
Gets Weekends Off
Joined APC: Jan 2015
Posts: 103
Take the average fare in the back of your plane. Take a 20% gratuity.. Multiply by the # of pax, X the number of legs you do in a year. Captain gers 60%, FO gets 40%.
You might be surprised.
For me, a narrow body CA, that's roughly $650,000.
#486
Banned
Joined APC: Oct 2020
Posts: 345
Insler gave this place so many gifts that keep on giving.
#487
Banned
Joined APC: May 2022
Posts: 411
Or maybe I believe this job is worthy of a decent retirement. Way to many forget that 20yrs ago Airline pilots retired with a healthy pension and retirement savings and qualified for full SS. Today NO pension , some retirement savings and a SS penalty. I refuse to apologize for believing this job is worthy of a pension or something that resembles one. Those of you that don't are a disgrace to the profession. So keep on paying for everyone else's pension for the rest of your while you hope the market won't crash. I may be ranting but at least I'm a fighter with some conviction and not just a rollover yes man like so many . Go ahead and keep bashing away but at least I know what pilots deserve. It's the weak minded yes men that got us into this pathetic position that continually make excuses for the company.
#488
Banned
Joined APC: May 2022
Posts: 411
Never said American had a TA. Sorry but yes our TA is as good as suspended up until the MEC says it's not. I have yet to hear that. Not going to waste my time defending myself to those that think this TA is a good deal.
#489
Gets Weekends Off
Joined APC: Jun 2012
Posts: 237
Or maybe I believe this job is worthy of a decent retirement. Way to many forget that 20yrs ago Airline pilots retired with a healthy pension and retirement savings and qualified for full SS. Today NO pension , some retirement savings and a SS penalty. I refuse to apologize for believing this job is worthy of a pension or something that resembles one. Those of you that don't are a disgrace to the profession. So keep on paying for everyone else's pension for the rest of your while you hope the market won't crash. I may be ranting but at least I'm a fighter with some conviction and not just a rollover yes man like so many . Go ahead and keep bashing away but at least I know what pilots deserve. It's the weak minded yes men that got us into this pathetic position that continually make excuses for the company.
If we expect management to take us seriously we need to immediately start the procedures required by the RLA as soon as this TA is voted down …
step one is to request mediation…this should have been done on January 2nd 2019 the day after our amendable date.
The required RLA steps for those not familiar are:
-Section 6 negotiations
-Request mediation
-Agree to binding arbitration or declare an impasse
-Cooling off period
-Self help
Last edited by RomeoHotel; 07-01-2022 at 10:08 PM.
#490
Gets Weekends Off
Joined APC: Feb 2018
Posts: 1,264
Stop being your own echo chamber! We get 16%. That’s more than any doctor, lawyer, engineer, or investment banker that I know. It’s good. When we negotiate for improvements, let’s make it to things we can enjoy the benefit from now! We don’t need more retirement contributions.
If you keep talking about retirement increases, you’re just setting yourself up to be disappointed. United did not get any retirement increases in our TA and American did not get any retirement increases in their offer. It’s not going to happen.
Pensions are dead. If you can’t retire on 16% of a 300k+ a year job, you might have a problem.
If you keep talking about retirement increases, you’re just setting yourself up to be disappointed. United did not get any retirement increases in our TA and American did not get any retirement increases in their offer. It’s not going to happen.
Pensions are dead. If you can’t retire on 16% of a 300k+ a year job, you might have a problem.
So, ya, you “can retire” with virtually no money saved but why should we not go for the kind of retirement that reflects A) the amount of liability and responsibility we assume flying thousands upon thousands of passengers over the course of our careers, and B) what the market will bear?
And, in terms of retirement, both UPS and FedEx, which compete for the same pool of pilots as the major passenger airlines do, both have A-plans for retirement. That establishes a standard which can be pointed to as an entirely realistic contractual demand.
Finally, you mentioned that 16% is more than any investment banker “[you] know” receives. I don’t know that it’s typical for an investment banker to have a B-fund at all, but investment bankers famously receive enormous yearly bonuses that I would opt for over a 16% B-fund. Reportedly, their annual bonuses average between 50% and 150% on annual base salaries between $200K and $500K. Not bad at all.
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