USA320Pilot
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- May 18, 2003
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Alpa Code-a-phone Update
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USA320Pilot
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- May 18, 2003
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Today's ALPA Transformation Plan resolution does not specifically state that anything is off limits in negotiations, but in side conversations the RC4 are still holding firm to only a 10% cut in DC Plan contributions.
The resolution directed "the Negotiating Committee to continue good faith discussions with the company to conclude an agreement that meets (the parties) goals."
Negotiations are scheduled to resume on Saturday morning and the parties have agreed to work throughout the weekend. The MEC has recessed at the direction of the chair and could be called back into session within a two to three hour period. If a tentative agreement is reached, MEC Chairman Bill Pollock has the MEC in place in Washington so the MEC can vote on whether or not they want to send out the new labor accord to the rank-and-file for ratification.
It appears the RC4 just gave in to intense presssure.
In my opinion, a deal can be reached with ALPA's previous proposal, some scheduling changes (maybe similar in scope to Northwest or Continental), about a 33% cut in current DC Plan contributions, and LTD (current pilot's on LTD grandfathered to current plan) and retiree health care changes.
See Story
See Second Story
Respectfully,
USA320Pilot
The resolution directed "the Negotiating Committee to continue good faith discussions with the company to conclude an agreement that meets (the parties) goals."
Negotiations are scheduled to resume on Saturday morning and the parties have agreed to work throughout the weekend. The MEC has recessed at the direction of the chair and could be called back into session within a two to three hour period. If a tentative agreement is reached, MEC Chairman Bill Pollock has the MEC in place in Washington so the MEC can vote on whether or not they want to send out the new labor accord to the rank-and-file for ratification.
It appears the RC4 just gave in to intense presssure.
In my opinion, a deal can be reached with ALPA's previous proposal, some scheduling changes (maybe similar in scope to Northwest or Continental), about a 33% cut in current DC Plan contributions, and LTD (current pilot's on LTD grandfathered to current plan) and retiree health care changes.
See Story
See Second Story
Respectfully,
USA320Pilot
EyeInTheSky
Veteran
kiloromeo said:
No. Pilots close to retirement receive the 38% rate; the rest 16%. Last check they wanted to take that down to 10%? So it's obvious those closest to retirement take the biggest hit. I guess what goes around comes around. Now some people will feel the financial pinch kind of like how the former captains bumped back to first officers felt. With exception to those that took the ultimate paycut - furloughed pilots, those bumped back to the right seat have taken the next biggest paycut. It sucks.
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USA320Pilot
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- May 18, 2003
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Eye:
Your DC Plan contribution rates are not accurate.
Regards,
USA320Pilot
Your DC Plan contribution rates are not accurate.
Regards,
USA320Pilot
EyeInTheSky
Veteran
Enlighten me then.USA320Pilot said:
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USA320Pilot
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- May 18, 2003
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Eye:
The current DC Plan provides for a 30-year Captain with a target benefit of $1 million dollar benefit combining the PBGC award and the DC Plan contributions with a compounded ROR of 8%.
The target benefit is computed from taking your total amount and then subtracting your PBGC award times 10 years. For example, if the PBGC award is $25,000 then $250,000 would be subtracted from the target benefit of about $1 million.
Each pilot's target benefit and contribution rate is different. The total contribution is dependent on factors such as aircraft type, position, age, and seniority.
Therefore it is not totally accurate to give percentages because nobody's contribution is the same. For example, somebody may have a 13% contribution where somebody else a 21% contribution, etc.
Respectfully,
USA320Pilot
The current DC Plan provides for a 30-year Captain with a target benefit of $1 million dollar benefit combining the PBGC award and the DC Plan contributions with a compounded ROR of 8%.
The target benefit is computed from taking your total amount and then subtracting your PBGC award times 10 years. For example, if the PBGC award is $25,000 then $250,000 would be subtracted from the target benefit of about $1 million.
Each pilot's target benefit and contribution rate is different. The total contribution is dependent on factors such as aircraft type, position, age, and seniority.
Therefore it is not totally accurate to give percentages because nobody's contribution is the same. For example, somebody may have a 13% contribution where somebody else a 21% contribution, etc.
Respectfully,
USA320Pilot
