US Pilots Labor Discussion

[Black Swan]

There was a big discussion of this 9-12 months ago. I'd said, based on what I knew at the time, that one had to leave US to start collecting from the PBGC and that was the case when the retirement age was 60. Apparently the law was changed after the retirement age changed, and those over 60 can continue to work AND start collecting their PBGC benefit. So apparently there is no PBGC benefit to leaving before 65.

Jim

This is one big reason the West does not get what is going on. There are many guys collecting a nice PBGC check right now, and flying the 330 and clocking over 200k. Add in military with many, and you are talking 235 and up. There is not the hardship the West thinks there is. And the housing prices on the east have not fallen through the floor in many places where we have bases.

 

[BoeingBoy]

When you say LOA 93 Loss, you mean you guys losing out on our pay rates, right? 😀

Even luv is tempering his former certainty, BS...

On the other hand, if you are wrong you'll just dismiss it as "not a big deal" and pretend you didn't really make any claims of certain victory.

Jim

 

[Black Swan]

Is the BPR's unanimous decision to explore a merger with the IBT an admission that USAPA's definition of unionism, where the majority breaks a promise and attempts to impose their will on the minority, has failed?

How is the LOA 93 party going on the 35 th floor? Are they high enough to have a considerable problem when the lights go out very shortly? I am going to get a good laugh when you are proven wrong ,

 

[Black Swan]

Even luv is tempering his former certainty, BS...

On the other hand, if you are wrong you'll just dismiss it as "not a big deal" and pretend you didn't really make any claims of certain victory.

Jim

At least I will assure you I will come on the board at the first opportunity so you can take a shot at me. You all disappeared for weeks after Addington was erased by the 9th, and only reappeared to start revising the outcome

 

[BoeingBoy]

You all disappeared for weeks after Addington was erased by the 9th, and only reappeared to start revising the outcome

I can't speak for anyone else, but go back and look at the pilot's thread that was open at that time - particularly at the day the decision came out. Some familiar west names are there as well as some we haven't seen much of in a while (Freebird for one). 767Jetz was there, as was I. And that's just within a few hours after the first post saying the decision was out. So it seems that you may be wrong....

Jim

 

[aquagreen73s]

Another part to it Jim was digesting the opinion itself, reading it for what it plainly meant, and then watching as BS, Hate luv9 and Bradford himself log on and run off the cliff with an interpretation that plainly wasn't true. If they were right, then DOH would have occurred shortly after the 9th opinion. In reality, if there was any "loser" it was the company who was forced off the sidelines. For a West pilot it's a great consolation prize sitting where we're at. It's pretty sweet to sit here and watch the company pounce on USAPA. Doesn't mean the company is an ally of the West, just that it is what it is.

 

[A320 Driver]

In reality, if there was any "loser" it was the company who was forced off the sidelines.

I can't see the company as a "loser" in any form. LOA 93 has paid a lot of bills for them at the expense of the East pilots.

Doesn't mean the company is an ally of the West

Could have fooled me. I've never seen such a cheering section as you provided the company over the injunction, here AND on Crew News.

Driver <_<

 

[PullUp]

Try This

Jim

Oh, man. What a load of horse hockeypucks. You guys really read this tripe?
UUghh...it hurts my brain.

 

[Move2CLT]

I can't see the company as a "loser" in any form. LOA 93 has paid a lot of bills for them at the expense of the East pilots.



Could have fooled me. I've never seen such a cheering section as you provided the company over the injunction, here AND on Crew News.

Driver <_<

Driver, you are shockingly getting easier to talk to. Your grasp of reality is refreshing.

As for backing the company, you make the the mistake of thinking we're cheering them on. That's an incorrect angle to approach this from. Think of it more as the west relishing USAPA's failures.

We despise the company a ton but we despise USAPA even more.

 

[BoeingBoy]

Oh, man. What a load of horse hockeypucks. You guys really read this tripe?

If one only reads that which reinforces already held beliefs, one never learns anything new...

Jim

 

[aquagreen73s]

I can't see the company as a "loser" in any form. LOA 93 has paid a lot of bills for them at the expense of the East pilots.

True. Loser is probably too strong of a word, but I don't know what else to call it. The Ninth did nothing for East or the West, but it did make the company suffer the inconvenience of actually having to do something in the seniority matter. After all of this is over, the company will be scored the winner. No doubt about it.

 

[mikey60]

This is one big reason the West does not get what is going on. There are many guys collecting a nice PBGC check right now, and flying the 330 and clocking over 200k. Add in military with many, and you are talking 235 and up. There is not the hardship the West thinks there is. And the housing prices on the east have not fallen through the floor in many places where we have bases.

I'm doing it now and by the way as a p-3 you can start at 60 and get your full amount, if your a p-3 I think you have to wait to 65 to get the 44 grand.

 

[BoeingBoy]

I'm doing it now and by the way as a p-3 you can start at 60 and get your full amount, if your a p-3 I think you have to wait to 65 to get the 44 grand.

P-4's get more the longer they wait because they're limited by the PBGC maximum. That's $2,382 at 60 or $3,665 at 65 for a straight life annuity. Of course, anyone hired at an older age could get less - the PBGC calculates what you would have gotten had you retired 3 years prior to plan termination and pays you that or the maximum, whichever is less.

P-3's got nearly all their "normal" pension (~98%), given the penalties for age and years of service when it was terminated, so the amount is set regardless of when you start collecting.

If you're curious, the easiest thing to do is call the PBGC, especially if you were hired in your 30's. Generally speaking, they can tell you on the spot what your benefit would be under a given scenario.

Jim

 

[700UW]

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

My letter says age 50 is when I can collect if I want to, with a greatly reduced benefit, I figured out if I wait, till I am 65 I will lose $81,000 over the 15 years of it.

 

[jetjok1]

There was a big discussion of this 9-12 months ago. I'd said, based on what I knew at the time, that one had to leave US to start collecting from the PBGC and that was the case when the retirement age was 60. Apparently the law was changed after the retirement age changed, and those over 60 can continue to work AND start collecting their PBGC benefit. So apparently there is no PBGC benefit to leaving before 65.

Jim

Jim,

It works like SS. the longer you hold off, the more you make......starting at age 60