US Pilots Labor Discussion

[Iclubbabyseals]

You can take your PBGC benefit anytime you wish. However, if you take it prior to Age 60, penalties apply. The plan was predicated on Age 60 when it was terminated, so you can receive your PBGC benefit and still work at USAirways after reaching Age 60.

That is what I thought, thinking many would quit early, but the captain's letter was quite specific (he was 58).

I wonder if reports of pilots receiving PBGC are former Shuttle pilots.

 

[BoeingBoy]

but the captain's letter was quite specific (he was 58).

Was it dated? As I said above, apparently something changed after the retirement age was changed to 65. But if he had a letter from back when the PBGC took over the pension, you had to retire (or quit, but why do that) to get the benefit.

Jim

 

[mrbreeze]

Was it dated? As I said above, apparently something changed after the retirement age was changed to 65. But if he had a letter from back when the PBGC took over the pension, you had to retire (or quit, but why do that) to get the benefit.

Jim

My understanding is that if you're under 60 yrs old, you have to leave the company to receive PBGC.

At age 60, you can draw the PBGC and continue flying here. At age 65 you retire, continuing to draw the same amount from PBGC.

Another option is to continue to work without drawing PBGC at age 60, then draw a larger amount from PBGC at age 65.

breeze

 

[A320 Driver]

I only know what I read on someone's PBGC letter.

They could not be under 65, still working for USAir and get PBGC. I would assume that to receive PBGC and over 60 that they would have to quit.

I've talked to several pilots about it and it seems to be common knowledge that you can get your PBGC benefits after your 60th birthday. It is less of a benefit than you would get had you waited until age 65, but one guy told me that, after he had done the math, he was better off to go ahead and take it.

Driver

 

[Iclubbabyseals]

Was it dated? As I said above, apparently something changed after the retirement age was changed to 65. But if he had a letter from back when the PBGC took over the pension, you had to retire (or quit, but why do that) to get the benefit.

Jim

The letter was quite recent, within the last two months. (Sorry, did not check for the exact date, I think in August). It listed options and what he was entitled to for departing at age 60.62. and 65, w/ or w/out spouse. He had not had a chance to review it yet, digging it out of his bag just to show me the statement that he could not be working for US in order to draw.

Believe me, I was kinda chagrined also, hearing from word of mouth that it would be different.

 

[LSS]

The letter was quite recent, within the last two months. (Sorry, did not check for the exact date, I think in August). It listed options and what he was entitled to for departing at age 60.62. and 65, w/ or w/out spouse. He had not had a chance to review it yet, digging it out of his bag just to show me the statement that he could not be working for US in order to draw.

Believe me, I was kinda chagrined also, hearing from word of mouth that it would be different.

I turned 60 last year, am still emloyed by the company, and did the math as well and determined it was in my best interest to begin taking the PBGC benefit now instead of waiting until I turned 65. Yes the benefit is less (PC4) than waiting until 65, but have been collecting PBGC since last year and still flyin!

 

[Iclubbabyseals]

I turned 60 last year, am still emloyed by the company, and did the math as well and determined it was in my best interest to begin taking the PBGC benefit now instead of waiting until I turned 65. Yes the benefit is less (PC4) than waiting until 65, but have been collecting PBGC since last year and still flyin!

Thank you. I wonder what is different between him and you.

It does seem that there was an improvement until he was 63, then it seemed improvements were minuscule to 65.

As I said, the statement that he could not draw PBGC and work for the company at the same time was pretty apparent, about the third paragraph on the first page.

 

[USA320Pilot]

Are the Teamsters the Answer?

Click here to read the story.

 

[USA320Pilot]

Bill Swelbar: The UAW Gets it; US Pilot's Unions Don't: October 7, 2011

Pilots are a sophisticated group in their education, reasoning and their ability to react in times of trouble. The UAW probably isn’t as sophisticated, but currently, they’re smarter than pilots.

Click here to read the story.

 

[PullUp]

Bill Swelbar: The UAW Gets it; US Pilot's Unions Don't: October 7, 2011

Pilots are a sophisticated group in their education, reasoning and their ability to react in times of trouble. The UAW probably isn’t as sophisticated, but currently, they’re smarter than pilots.

Click here to read the story.

how about another link that u don't have to register first...
Thx

 

[PullUp]

You can take your PBGC benefit anytime you wish. However, if you take it prior to Age 60, penalties apply. The plan was predicated on Age 60 when it was terminated, so you can receive your PBGC benefit and still work at USAirways after reaching Age 60.

If you choose not to receive your PBGC benefit until age 65, which many PC4 ($28K per year) pilots will do, you can receive the max benefit for plans terminated in 2003. About 44K/year.

I believe the earliest you can take PBGC (by no longer working for the company) is age 50.

 

[BoeingBoy]

Thank you. I wonder what is different between him and you.

It does seem that there was an improvement until he was 63, then it seemed improvements were minuscule to 65.

As I said, the statement that he could not draw PBGC and work for the company at the same time was pretty apparent, about the third paragraph on the first page.

It could be that the statement about not being able to work AND draw PBGC benefits referred to the present, before he reaches 60.

Jim

 

[BoeingBoy]

how about another link that u don't have to register first...
Thx

Try This

Jim

 

[Black Swan]

I think the West is at absolute fleet min. We are taking like 8 or 10 of the 12 deliveries as our last 737s are going out by December.

Two points of interest, the West has not only a fleet min but a min block hour. We been running at min block since 2008 when the company transfered our flying east to mitigate the east furloughs, while exagerating the West furlough need, and furloughed out of seniority at the scab unions request.

If you recall, the only grievence usapa has won of any significance was the TA-10 West min block grievence, of which we still have not been paid, although we won that grievence what? 2 years ago???? Seems usapa is in no hurry to collect on a won grievence, yet they have no problem dropping the training mispay grievence, and the company has been pulling that from my check for the last few paychecks.

So, if the West is operating 114 of the A320s, and you push the West back above min block hour, the company could reduce the east's 737 flying dramatically. Making up for a significant portion of any disruption cause by an LOA93 loss.

When you say LOA 93 Loss, you mean you guys losing out on our pay rates, right? 😀 Don't worry, we will have the integrity to work for you guys to get something.

 

[Iclubbabyseals]

It could be that the statement about not being able to work AND draw PBGC benefits referred to the present, before he reaches 60.

Jim

I wish I could remember exactly but I got the impression he had to be off the property, even after 60. I thought if one left before 60 then one would only be subject to some sort of penalty. I'll write and find out in a definitive manner.