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Any theories on how the merger will motivate some the senior guys to retire? Other than they're just worn out from decades schlepping around airports and wondering where their next home base it going to be....how many will bail once the merger is announce, they had projected 4 retirements on the last bid.
Any theories on how the merger will motivate some the senior guys to retire? Other than they're just worn out from decades schlepping around airports and wondering where their next home base it going to be....
Short term VRF for June?
...consider the pot stirred.
Well, this is speculative... but here are some facts. UAL, has no A fund. So in a joint collective bargaining agreement they could give all 13,000 pilots an "a" fund. ----Not likely.
Most likely, the A fund would be spun off to a third party, then it's off the books at the combined airline. In past cases, I don't ever recall a 3rd party paying out those funds in a lump sum. It would be in an annuity. Maybe it can be bargained to be a lump sum, but in my meager opinion, probably not.
I think the above is going to cause a lot of over 60 guys to take a close look at the lump sum amount, versus the prospect of being stuck with a 3rd party administered annuity. I see recalls and more than the projected 4 retirements at CAL happening.
Discuss.