SRMairlines
Beer Drinker
- Joined
- Nov 20, 2002
- Posts
- 90
80K annuity works out to be as good as 100K bonus in the begininng... if you want payments spread out over the rest of your life. The tax laws make the annuity more favorable if you plan on living 15 years past retirement. It ends up being worth more than the 100K buyout after only a few years but the key is a long life. Most guys that fly past 60 will have a lower life expectancy due to exposure flying with PO'd FO's. I doubt 25 guys will take it given they only have 2 weeks to make a life decision. I am glad management took their sweet time planning this one.
Questions for MGT:
Why a minimum of 25?
Why offer this plan so late?
Why is the RBBP closed so early?
Why not offer Voluntary Furloughs continuously throughout the Furlough?
MGTs plan: Offer and early out that will fail. Get the Union to cut the blocks so that a buyout and a downgrade/furlough become unnecessary. That is their goal. It is cheapest and offers the greatest flexibility to the way they want to manipulate our lives and their so-called airline.
Questions for MGT:
Why a minimum of 25?
Why offer this plan so late?
Why is the RBBP closed so early?
Why not offer Voluntary Furloughs continuously throughout the Furlough?
MGTs plan: Offer and early out that will fail. Get the Union to cut the blocks so that a buyout and a downgrade/furlough become unnecessary. That is their goal. It is cheapest and offers the greatest flexibility to the way they want to manipulate our lives and their so-called airline.