Attention all US Airways Pilots With Capped Retirement From PBGC

[usa1]

Marine Deaths

I just returned from the store .... passed by some road construction. 7 public employees watching 1 guy dig. Four of them had on orange vest with supervisor stenciled on the back. The rest of them looked like they were just killing time. I wonder what local tax payers pay them by the hour? At least one of them was earning it.

I'll go to work today and our ramp (Piedmont) will have three guys trying to park and unload three planes at the same time .... and then get the bags to the bag belt within 12 mins? 2 guys will try and clean 7 or 8 airplanes in 3 hours? The Piedmont guys make $8.00 an hour?

Public Sector -vs- Private Sector = Half the work for three times the pay and benefits??????

And now they want to cut the Piedmont guys SS and Medicare benefits because the government wasted all the money???? PLEASE!

 

[700UW]

I would bet you 10 to 1 that they were private contractors, most road projects are outsourced.

And man you really have it out for public employees, been rejected by one?

And if you and two coworkers, work like that then you only have yourself to blame, the ramp is a dangerous place, work safe and obey the rules, policies and procedures.

 

[john john]

I am paid by user fees generated by our tenants,

A catchall word to generate money with out using the nasty word tax

Need more money raise the fees
Even the airlines have jump on the bandwagon

 

[usa1]

I would bet you 10 to 1 that they were private contractors, most road projects are outsourced.

And man you really have it out for public employees, been rejected by one?

And if you and two coworkers, work like that then you only have yourself to blame, the ramp is a dangerous place, work safe and obey the rules, policies and procedures.

They were in county trucks?

No I have never worked or apply on the public side .... but I have watched "public side polices from Washington" wreck my industry ..... take my retirement, for the sake of cheap airline tickets ...... and now they are coming after my safety net.

In the last round of stimulus they actually gave the public sector side raises and hired more of them (TSA for example) to stimulate the economy and did nothing for the private side .... dang screwed again!

 

[700UW]

Blame management

 

[usa1]

You're right, it's all David Siegel's fault?

Jim as far as starting your PBGC retirement without separating, you're talking about at age 65 ... right?

You should be able to do it at 55 ... No wait that kind of stuff only works on the public side! Oh well!

 

[700UW]

Well he ran US into the ground after getting $1.2 billion a year in concessions from employees.

And US was in Chapter 11 for the second time in less than two years because of Siegel.

Lakefield was the CEO at the time when the pensions were terminated.

And the non-union employees had their pensions frozen in 1992 and it still took three years for them to unionize.

 

[BoeingBoy]

Jim as far as starting your PBGC retirement without separating, you're talking about at age 65 ... right?

Nope, the retirement age was still 60 when I retired. Don't know how it works now that the retirement age is 65 other than a law was passed making pilots eligible to draw PBGC payments at 60 and keep working. That's obviously a result of the PBGC's using age 60 to calculate pilot's retirement payments.

Jim

 

[usa1]

A lot of good the "unions" have done for private sector employees at US Airways? Unions are only good for public sector employees and corrupt politicians ....

The CWA at US is run by someone most members can't stand ... and there is nothing they can do about it .... The pilots union is split between two groups that can't stand one another? We are the lowest paid employees in the industry. The Piedmont baggage handlers live below the poverty level. Can you name one thing the unions here have accomplished here. They haven't even been able to buy a corrupt politician to look after us?

I have nothing else to add .... good luck to all. 🙄

 

[LD3]

Are they better than you? After all we (private sector) have to pay their salary & pensions. Basically didn't you loose yours so they can keep there's.

Let me get this right, so it is the public sectors fault that you lost your pension? You really don't hold your management accountable at all?

 

[john john]

a law was passed making pilots eligible to draw PBGC payments at 60 and keep working.

Is this law just pilot specific or can the rest of the employee groups get their PBGC payment at the original retirement plan age and still be employed with the company?

 

[usa1]

I was told that the PBGC regular retirement age for us john john is 65? I think it should be 55. That was our defined pension retirement date.

 

[SparrowHawk]

Yes they are and that is unfair.

So is life, What's your point?

Unions have pumped BILLIONS into the Democratic Party only to have law after law passed that screw the average Joe/Jane on a daily basis by Democrats.

 

[LSS]

Well he ran US into the ground after getting $1.2 billion a year in concessions from employees.

And US was in Chapter 11 for the second time in less than two years because of Siegel.

Lakefield was the CEO at the time when the pensions were terminated.

And the non-union employees had their pensions frozen in 1992 and it still took three years for them to unionize.

Siegel was the CEO when the Pilot's pension was terminated. Because the age 60 rule (in the case of pilots) was in place at the time of the termination, a pilot can begin collecting PBGC benefits upon turning 60 and continue to work until 65.

 

[767one]

Nope, the retirement age was still 60 when I retired. Don't know how it works now that the retirement age is 65 other than a law was passed making pilots eligible to draw PBGC payments at 60 and keep working. That's obviously a result of the PBGC's using age 60 to calculate pilot's retirement payments.

Jim

Jim is right. Because our retirement plan specified 60 as our retirement age we (pilots) start collecting pbgc payments at 60 even if we are still working if you are PC3 category. If you are PC4 you can collect your PBGC at 60 but the longer you put off taking the payments the higher the benefit.


Bob