And you're too dumb to realize who you're talking to. At UA we have always had an A fund (DBP, ie: pension), AND a B fund (DCP or 401K). The company puts a negotiated % into our B fund above and beyond our salary without our having to contribute a dime. We can also contribute to the B fund up to the legal limits. Since UA's BK and the distressed termination of our A fund, the B fund % has gone up and a C fund has also been negotiated. In all, 16% ADDITIONAL money goes into our combined B & C fund, in addition to anything I choose to contribute. That was negotiated in BK to replace the pension. Look at what Delta did when they terminated the A fund. You are clueless. Like I said in my first post, do your homework. You have no idea what the industry standard DCP contribution is. If you had a new industry standard contract, not only would you have a huge pay raise, but an additional chunk going into your "401K." But you'd rather hold out for that fourth stripe that belongs to a west captain, at poverty wages, that you may never had seen absent the merger anyway. Real smart.
You are obviously blinded by your bitterness, anger and fear, as are most of your east cohorts on this forum. You have no one to blame for your situation than yourselves. But you hold everyone else hostage in the mean time, which is where the damages to the west will come in. At my age of hire with UA, I would have had over 32 years (37 years now) when I retire off the 747 left seat. If the pension was not terminated I would have had close to 200K per year from my DBP based on the last formula. So don't preach to me about not knowing about such an animal.
But as I said before in my original response, retiring with $500K in a 401K is embarrassing for an airline pilot. So is living on LOA 93 wages. Luckily many of us "youngings" as you put it saw the writing on the pension wall long before 9-11 or BK, so it was always icing on the cake as far as I was concerned, since day one of my employment with the airline. If you waited until BK 2 to start saving in a 401K or similar investment vehicle, you sir are even more stupid than you appear on the internet. And it's another example of having no one to blame but yourself, while you try desperately to blame anyone and everyone else. Sleep in the bed that you made. Sweet dreams!
about the only thing your good at it, younging, is name calling. Hope your career stays intact. You'll never have what I have. You want to start comparing assets, you go first but I guarantee you....you'll finish last. No wonder United is F/Upped
