scorpion 2
Veteran
- May 11, 2012
- 539
- 562
You are correct everything has a cost. Just like when our ask went from 20% to 17% because the pilots ask went down to 17%. The only difference for us was everyone had to give up 2/3rds of their profit sharing and part time fleet service got back full time medical coverage. Nice job twu getting part time bag smashers full time medical. Can't negotiate the reduction so have your indentured servants cough up their profit sharing as a trade off. Just like when the pilots voted down their first T/A and got a better deal the second time around. What did our ME/TOO provision get us? Squat! We supposedly got ME/TOO equity but the equity never changed from 4.8%. Before the pilots accepted their deal we had 4.8% and after they accepted their T/A our equity was 4.8%. The only thing different was the pie chart that the twu put out that explained our equity payout. It now had ME/TOO equity. There was no me-too equity. The ME-TOO equity was just a gimmick to get the twu off the hook to negotiate a better deal. I concur weassahole the company does consider Total Value and that value doesn't change regardless of ME-TOO promises by the twu. The ME-TOO is just another scam to get yes votes.WeAAsles said:I understand. My good friend 700UW likes to say that (Sorry bro). Of course "everything" has an associated cost when the company considers "Total Value Compensation" That includes what they formulate they pay out on average to the 5.5% match as well. I don't take the fullest advantage of it since I don't work extra hours. But a guy who does work as much OT as he can gobble up and CS's does pretty well for himself at the end of the year I'm sure.
A new hire FSC (Full time since PT in the current IAM contract get half the rate) might be better off getting in to the Pension since they're only making $9.00 per hour (in DFW and $11,00 in MIA) and may not feel he can afford to put anything into the 401? Until he feels he can afford to start putting money away at least it's something over nothing or the 3% contribution.
Most of us who participate on these boards though have different needs and thoughts. We're out of here soon in comparison to some 21 year old kid who just walked in the door. So we have to think in a different way and try and maximize the value we can obtain before we leave.
Unfortunately in today's reality we all should realize that nothing is safe. Pensions and 401k's both collapse thanks to the greedy bastards out there who have Politicians in their pockets to write laws protecting them far more than they protect us. And the biggest borrower of Social Security, our own Government. Hell the cops won't even let homeless people live by the side of the Railroad tracks anymore. And you can be arrested for feeding the homeless in Ft Lauderdale like they're a group of pooping Pigeons or something.
I'd move to Sweden or Norway when I retire if I could afford it. Guess I'm going further South instead.