Progress this week?
10-26-2010, 11:04 AM
#12
Gets Weekends Off
Joined APC: Jun 2008
Position: 737 CAPT
Posts: 1,898
Careful guys. I understand where you are coming from. But there are many good guys that lost hundreds of thousands of dollars in retirement. Many of them were NO voters. Lets just insist on idustry leading in EVERY department, with retro and the loan being repaid, and not get the idea floating around of junior vs senior.
10-26-2010, 01:10 PM
#13
On Reserve
Joined APC: Aug 2006
Posts: 11
Lump Sum
It would help if you knew ERISA laws and your contract. The lump sum provision can not be negotiated away. Distressed termination or funding level requirements can remove the option. To alter the plan it would require the plan to be unfrozen and brought to current liability......not a chance.
Might as well move on to another subject
Might as well move on to another subject
10-26-2010, 03:21 PM
#14
Need More Callouts
Joined APC: Dec 2005
Position: Unbridled Enthusiasm
Posts: 2,143
Careful guys. I understand where you are coming from. But there are many good guys that lost hundreds of thousands of dollars in retirement. Many of them were NO voters. Lets just insist on industry leading in EVERY department, with retro and the loan being repaid, and not get the idea floating around of junior vs senior.
10-27-2010, 07:58 PM
#16
Banned
Joined APC: Oct 2010
Position: IAH 737 CA
Posts: 690
I'm betting on the 2 1/2% pay raise. OF course, unless it gets leaked, we will never see it.
10-27-2010, 08:03 PM
#17
Banned
Joined APC: Oct 2010
Position: IAH 737 CA
Posts: 690
Careful guys. I understand where you are coming from. But there are many good guys that lost hundreds of thousands of dollars in retirement. Many of them were NO voters. Lets just insist on idustry leading in EVERY department, with retro and the loan being repaid, and not get the idea floating around of junior vs senior.
10-27-2010, 08:12 PM
#18
HOSED BY PBS AGAIN
Joined APC: Mar 2005
Posts: 1,713
........... We all lost hundreds of tousands of dollars in retirement and age 65 gave everyone the chance to try and ger some of that back. Poor example. I would rather get it back with a smokin-hot, kick-ass, industry leading, top-notch, knock every one else in the industry dead, badass contract. But I digress.....................
10-28-2010, 06:02 AM
#19
Gets Weekends Off
Joined APC: Jun 2008
Position: 737 CAPT
Posts: 1,898
What's sad though is that MANY of those who have lump sums at CAL are playing the "waiting game" because they are so damn greedy. A lot of them are so far in debt, have three ex wives, a boat, a Harley, and a girlfriend on the side. If they couldn't prepare for retirement in 35 years, then another 5 won't help them either. I'm TIRED of hearing that they can't live on a $700,000 lump sum at this stage in their lives. What the hell are they doing with all their money? I'd like to see an industry leading contract too. I hope to be gone by 58 at the latest and only have 5.5 years left make it happen. However, that DAMN age 65 rule REALLY did a number on me and I find myself making almost $2,000 a month LESS after being pushed back on reserve, thereby putting a damper on me paying off my property so I CAN leave early...............
These guys never learn their lessons. They live beyond their means. I am not a financial genius, but I do feel I spend and invest wisely. Why is it on the **** wage I make as an FO I can save 30% of my gross pay each year and yet I don't live like a pauper or anything close to it?
10-28-2010, 06:05 AM
#20
Gets Weekends Off
Joined APC: Jun 2008
Position: 737 CAPT
Posts: 1,898
Ah, the pizza parties. I hear they are making them so cheap no one will buy what (management) is selling.
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