It only exceeds it because you're paying it. These numbers are really simple as far as what each company contributes to the pilot's retirement:
Delta: 15%
SWA: 9.3%
In other words, take the new Delta rates and add an additional 5.7% to them. That's what they get that you don't get. And after you add that, you'll find that your pay rates on the 737 are exceeded by Delta's new rates. No matter what you want to believe, SWA pilots no longer have an "industry leading" 737 contract.
You're counting some of that money twice. You can't say their pay + 5.7% = more than Southwest, since 9.3% of a greater Southwest salary is more than the first 9.3% of their B-fund. Plus, you're using pay rates at the end of their contract, not now. Time value of money and all. Plus, you're overlooking the fact that Southwest pilots work more productively for the days they show up (if they work the minimum, that is). More total money. Plus, you're overlooking the fact that Southwest pilots can pretty much work unlimited amounts of overtime for much more total money (and more of that 9.3% free money), something not available to ALPA pilots in general. To make a fair comparison, you have to look at average W-2s, not just payscales. That's seems pretty short-sighted for a sharp union guy like you. In that comparison, Southwest still wins by far.
We don't need to. Delta pilots make more than SWA pilots now. Time to make that argument and insist upon a real retirement plan. The company should be funding a major airline pilot's retirement. The company's contribution should be enough to provide a pilot with 60% of his final annual earnings in retirement after a 25 year career. At 9.3%, it's not even close. The number needs to be something closer to 13.5% to get there. We shouldn't need to subsidize our own retirement as major airline pilots. All of this talk of "personal responsibility" is just the company convincing you that they don't need to pay the appropriate amount. Don't fall for it.
Thanks for your concern, but actually, all my ideas of "personal responsibility" were NOT just propagandized into me by the company. They were instilled into me by my parents when I was young, something your parents obviously neglected to do. Since you're apparently of the entitlement generation, and feel your company "owes" you some arbitrary amount that you've quoted above, it appears my point was lost on you. And anyway, if you were a Southwest guy actually working hard for those 25 years, you could have much more than that Delta amount put away for retirement. I know I will.
I'd rather have the Delta pay rates along with their retirement. That should be your benchmark, since it's now the industry leading contract for passenger carriers.
Yeah, that wasn't one of the choices in my question, now was it? I believe it was Southwest or Airtran. So, why aren't you working for Delta? GL swears they'll be hiring like gangbusters soon. Plus, while Delta may have the "industry leading contract" soon by your sole metric (do the absolute minimum amount of work, ignore cyclic furloughs and the traditional legacy ups and downs, etc), it still does not have the industry leading 737 contract by the metrics that Southwest pilots think are important (job security, total compensation, ability to earn much more money, etc). However, I DO hope you do well over there, since that clearly seems to be your preference.