ClueByFour
Veteran
- Aug 20, 2002
- 3,566
- 37
Remember not just the pilots lost their pension, every rank and file employee did, (but remember the BOB gang gave up their pension without letting the pilots vote) at least the other groups fought the company and made the judge terminate it.
All employees took big hits, but the difference is the pilots make bigger money so they took bigger hits.
While I am generally unsympathetic to most of what was originally posted (I'm away from home just as much, not getting paid for time in transit, and have taken paycuts), there is something to be said for losing the pension. You (or anyone who can work until 65) are unlikely to make less than you would have had coming under the pension plan when it froze--the PBGC will cover the amounts that everyone but the pilots make.
Between the amount they would have made and (for now) being forced to retire at 60 severely hamstring what a pilot will bring in from a pension standpoint.
I would argue than anyone making 6 figures who was not socking money away on top of the pension probably has it coming RE: the pension shortfall, but that's a seperate discussion.