UndauntedFlyer
Ease the nose down
- Joined
- Feb 26, 2006
- Posts
- 1,062
Please listen carefully! B plans came into being because pilots retired at 60. When that changes, GT/UAL will want to end B plan contributions for pilots! Bet on it! It DOES NOT MATTER what the cost is at any retirement age...UAL will seek to end it, for everyone! You will suceed in changing the age, and simultaneously end retirement plans, of any sort, for pilots. That exact thing, or some very similiar version thereof, is exactly what will happen. Are you just acting like you don't understand this because you don't care?
Listen up, if you're on that committee what you need to be talking about is how UAL can have 4 bil in cash, and you no pension, within the same 2 year period. Elections are underway, things could start to move labor's way. Abandon your old, failed coping mechanism of ripping off your co-workers and union brothers and push some tough issues. If you had a pension you wouldn't have to work, and the rest of us could have the same opportunities that were afforded you. Get busy acting like the 37 year, battlestar wearing ALPA member that you are and improve this profession for all of us.
First off, the B plan was put into place just in case there was some kind of stress termination of the traditional A (defined benefit) plan. That is the one and only reason for the B plan and thank God ALPA did something right with their guidance in seeking this plan as a back-up plan.
If UAL seeks to terminate their contributions to the current DC 401k type plan that will happen whether or not there is an age 60 or age 65 rule. With a DC plan the pilot retirement age makes no difference at all to UAL in terms of their contribution to the plan. It's all the same to UAL.
As far as the future continuation or the new creation of the A (defined benefit) plan, that will never happen in anyone's lifetime. Such plans are gone for good.
As far as that "Battlestar," I earned that by putting it all on the line for the junior pilots by defeating the B-Scale. There has never been a B scale in place at UAL as a result of the line pilots walking the picket line for 30-days.
Now the age 60 rule must go because the future is a DC retirement plan. Getting rid of age 60 is in the long term good for all pilots, junion and senior. To disagree with this is so short sighted and is to say that that pilot will never be senior?