191 Early Out retirement takers at DL

[General Lee]

That is supposedly the number from the Dalpa website. Initially there were about 250, but they had 2 weeks after the deadline to reverse it. According to a Dalpa retirement guy on that thread, there are 65 other pilots that will mandatorily retire at 65 next year that for some reason didn't take the early out, so that means at least 256 pilots leaving within the next 17 months. Not bad.



Bye Bye---General Lee

 

[ACL65PILOT]

Not great, but not bad. RMA's were in some good seats. The breakdown should be out tonight.

 

[NuGuy]

Too bad a 250-300 number was advertised when the TA sell job was going on.

Nu

 

[Crash Pad]

First retirements in five years!

 

[Hamfighter]

I was flying with a NW captain who told me he couldn't take the retirement because he was supposed to get $14,000/mo pension, but now it was only $10,000. Sure glad I get to pay for that the rest of my career. I reminded him of my nothing, and he quieted down a bit.

 

[General Lee]

Too bad a 250-300 number was advertised when the TA sell job was going on.

Nu

251 signed up for it, so they were right, until 60 got scared. How can you blame Dalpa for 60 people getting scared?


Bye Bye---General Lee

 

[MCDU]

That is less them 2%

M

 

[General Lee]

That is less them 2%

M

Someone needs an alcohol test...... It was a voluntary early out that had medical insurance attached. It was not bad, and may help with progression and possible hiring.



Bye Bye---General Lee

 

[KNOTS]

I thought there were going to be 300? Am I surprised that the number is lower than was advertised: no.

 

[General Lee]

I thought there were going to be 300? Am I surprised that the number is lower than was advertised: no.

Does anyone know the Powerball numbers?


Bye Bye---General Lee

 

[Flopgut]

How much money did the early out include?

 

[General Lee]

How much money did the early out include?

Their pensions plus a medical insurance stipend to bridge them to Medicare I believe. That was the difference, this time there was a medical insurance add on. A lot of the senior guys don't want to pay for the high cost of cobra insurance for themselves and their spouses prior to reaching Medicare age. Obviously this group that elected to take the package mainly consisted of FNWA pilots with pensions.



Bye Bye---General Lee

 

[Flopgut]

K. Thanks. I hope the UAL TA has some money for early outs. We'll see.

 

[Diesel-9]

Most of the guys that went were in the 59-60 age group. Got better part of severance and medical payouts. Think I've heard there are 150+ in their last 2 years that also will be gone soon. They would have got little severance/medical. And with a net 12.5% pay increase in Jan. '13 why leave? Depending on upcoming events in the coming weeks, pilot apps may open on 1 OCT with interviews in JAN '13. But the next industry "Big Bang" may change all that which would offset the retirement/pilot shortages that are projected here at Monroe's Starship!

 

[The Victors]

I wish Swa mgmt would find their brains and do this. It would change everything and probably save them millions.

 

[Diesel-9]

---"How much money did the early out include?"---
I think guys in their later 50's would get about $100,000 severance and $100,000 in the medical account. Think the numbers were reduced with less time between your age and 65 but don't remember the details of the computations.

 

[Whataburger]

It's So AWESOME at Delta that pilots are tripping all over themselves to get out!!

 

[redflyer65]

It's So AWESOME at Delta that pilots are tripping all over themselves to get out!!

And that Delta guys on here are ripping on the General!

LUV it.

 

[tomgoodman]

It's So AWESOME at Delta that pilots are tripping all over themselves to get out!!

That is not allowed to happen. Junior guys escort them to the personnel office, stop traffic so they can safely cross the street, make sure they do not trip (possibly injuring their hand), and give them a pen.

 

[General Lee]

And that Delta guys on here are ripping on the General!

LUV it.

How are they ripping on me? I'm right. I could easily rip on you by pointing out your huge stagnation and poor treatment of the AirTran guys that could affect your great culture, but I won't. Have fun in MAF!


Bye Bye---General Lee

 

[Diesel-9]

It's So AWESOME at Delta that pilots are tripping all over themselves to get out!!

Think it is mostly NWA guys leaving who are more familiar at what an awesome flight ops department WAS like. But would hardly say 1.5% leaving is alot. Give me $100,000-$200,000 to leave when I will be leaving anyway real soon, guess I'll take the money. It is actually surprising how few took it...

 

[fam62c]

Think it is mostly NWA guys leaving who are more familiar at what an awesome flight ops department WAS like. But would hardly say 1.5% leaving is alot. Give me $100,000-$200,000 to leave when I will be leaving anyway real soon, guess I'll take the money. It is actually surprising how few took it...

If you can afford to retire and have things you like to do why wouldn't you? None of us will live forever so why would you want to sell your precious time if you didn't need to? I suspect that there are so few retirements because so many pilots have lived well above their means and, even in their late 50's and 60's live paycheck to paycheck to bankroll their lifestyles. I would rather live a simple life well below what I can afford, save and be able to get out at 60 and hopefully have some years of decent health to still do some things. I don't want to be living this lifestyle at 60+ lugging my bags all over and living in hotels. Doesn't anyone actually want to retire anymore?

 

[Scoot 11]

It's So AWESOME at Delta that pilots are tripping all over themselves to get out!!

It's more awesome that SW guys are pleasuring themselves over Delta threads.

 

[Gorditas]

If you can afford to retire and have things you like to do why wouldn't you? None of us will live forever so why would you want to sell your precious time if you didn't need to? I suspect that there are so few retirements because so many pilots have lived well above their means and, even in their late 50's and 60's live paycheck to paycheck to bankroll their lifestyles. I would rather live a simple life well below what I can afford, save and be able to get out at 60 and hopefully have some years of decent health to still do some things. I don't want to be living this lifestyle at 60+ lugging my bags all over and living in hotels. Doesn't anyone actually want to retire anymore?

Bingo. I'm saving like crazy, and trying to keep a flat standard of living. The wildcards are inflation, and how much I am taxed since I am "rich" going forward.

 

[filejw]

If you can afford to retire and have things you like to do why wouldn't you? None of us will live forever so why would you want to sell your precious time if you didn't need to? I suspect that there are so few retirements because so many pilots have lived well above their means and, even in their late 50's and 60's live paycheck to paycheck to bankroll their lifestyles. I would rather live a simple life well below what I can afford, save and be able to get out at 60 and hopefully have some years of decent health to still do some things. I don't want to be living this lifestyle at 60+ lugging my bags all over and living in hotels. Doesn't anyone actually want to retire anymore?

Most the folk that are leaving wanted to go and or did not want to be here anymore anyway. Most the rest just enjoy the job still. What not to like 12 hr leg that you sleep half of followed a 24 to 40 hr layover in mostly nice places.Working maybe 12 days a month.Pay check to pay check is a minority for sure.

 

[Stifler's Mom]

Long layovers in nice places sounds good, but I'd rather spend that time with Grandkids and such. To each his own.

I only wish somebody had taught me at an early age about money and financial freedom. Now I'm scrambling to avoid what so many people above have eluded to. (needing to work until I am almost dead)

 

[Stifler's Mom]

double post

 

[filejw]

Long layovers in nice places sounds good, but I'd rather spend that time with Grandkids and such. To each his own.

I only wish somebody had taught me at an early age about money and financial freedom. Now I'm scrambling to avoid what so many people above have eluded to. (needing to work until I am almost dead)

Most guys I know had something on the side because we never trusted this business even 30 years ago. I am back into RE ( bank owned stuff )after selling my bar a few years ago. Guess the difference is I don't considered flying a trip work.Never really have even doing a six leg day in a DC 9 as I know too many friends on the outside that really work.

 

[180ToTheMarker]

That is not allowed to happen. Junior guys escort them to the personnel office, stop traffic so they can safely cross the street, make sure they do not trip (possibly injuring their hand), and give them a pen.

Tom, is it true when you retire they take you to a back office and reveal "the big picture"?

 

[cldsfr79]

According to a Dalpa retirement guy on that thread, there are 65 other pilots that will mandatorily retire at 65 next year that for some reason didn't take the early out....
Bye Bye---General Lee

There will always be those who hold on til the very end.

At NetJets we had an early out thing set up during the recession. Guys who only worked there for 10 years were going to be given $250k+ and full benefits until medicare kicked in, and could you believe we had a group of guys 65 years+ (some in their 70s) who did not take it. Only 1/3 of the guys in their 60s took it.

You guys (part 121) are lucky to have a retirement age, at least you know when the old guys will leave.

At the fractionals: Fly til you die is something I keep hearing. And why? Very few have 3 ex-wives, and children younger than their grandchildren. It has more to do with life style and greed. You'll here them talk about their high end sports cars, summer homes, world vacations etc. Yeah, my heart bleeds for them.

Good luck with your retirements at Delta, I will be eagerly knocking at the door.