Flexjet Big Day...jan 15th

[John MClain]

please fasten your seat belts as you ride the coat tails......

It's no secret what Netjets and the 1108 have done for our industry and we are all very appreciative of those efforts, but comments like yours only poison and tarnish those feelings.

They also add doubt and apprehension to the minds of those who are considering a move to under the umbrella of the union of which you and those like you are a huge part of.

I thank you for those very confidence inspiring words. A simple "your welcome" would have sufficed.

"What a Tool"

Oh, and by the way. Unless you are doing more than just paying your dues, you my small minded friend are also Just Riding The Coat Tails.

 

[learflyer]

KP called me last year to interview. She asked if I lived near one of the domiciles. I told her I would use FLL. I said I lived in ORL. She said that was too far away. I was kind of floored. Oh well.

 

[Iam3rd]

That's the problem Cliff. While the pay boost is a good thing and the schedule change to 7/7 offering is now "baseline" for the industry, the domicile issue is the biggest red flag. I agree that Flex management is probably keeping that card for the eventual union negotiations - they don't want to give everything away now.

That's too bad because Flex can now be more competitive for the "best" pilots out there only if those pilots want to restrict themselves to four locations. Not everyone wants to live in those locations. Meanwhile, Netjets, CS and Avantair each offer 20+ domiciles - why can't Flexjet? I bet FLOPS offers more domiciles than Flexjet. Doesn't make a lot of sense unless this is a negotiating tactic...

I have to admit that I was quite concerned about a union being voted into Flex. From what I hear talking to the other guys that have been here longer than I, the last 2 months have been the largest swing towards a union they have ever seen.

I was at the pilots meeting yesterday when the new benifits package was announced. I would have to say that a majority of the people in the room were quite pleased with the improvements, including myself. With regards to the new domiciles, I guess they are still getting enough applicants either currently living in those domiciles or applicants willing to move to those domiciles. And if its something that is going to cost them money, why do it until it is needed. If it gets to the point where it is needed, then it will probably make business sense to do it.

So from what I saw yesterday and talking to the guys there, we don't have to worry about a union anytime soon.

 

[gunfyter]

So from what I saw yesterday and talking to the guys there, we don't have to worry about a union anytime soon.

Anytime we we help you out again by raising the bar for you... again ... don't hesitate to ask....

 

[CaveoFalco]

Caveo, I have no idea what you're talking about, but with fourteen posts, total, what's your interest in this thread?

Just because I don't post here does not mean I do not follow what is going on in this industry. My post followed a short discussion about the merits of 401K vs. pension. Do the flippin math (no I did it for you)- it ain't that hard to figure out. $40,000 pension might sound great until you look at other options.

 

[doylehargraves]

Your math doesn't include compounded interest from the extra contributions to the 401k. The bottom line is this: if you can accumulate more funds in your 401k than the projected payout from the pension IN ADDITION TO what you would have in your 401k without the extra contribution, then its worth going to the 401k plan.

Example at end of retirement:

Current:
401k--$800,000
Pension--$800,000= 20yrs
Total=1.6 million

SO, you would technically have to accumulate an extra $800,00 in your 401k if you gave up the pension---assuming you only live 20 years after retirement.

 

[NETFLIER]

Mclain,

your poor state of mind is why you interpret my words as an insult.

A simple your welcome isnt needed because I aint doing anything for you. I work my arse off everyday, in the union, and for Netjets and it pays off in reward. You dont have to be a leader in the union or on the MEC to be a big part of it. What you have to do is stick together as a team and have the same goals as set forth by leadership.

The words i would like to be saying to you are
"welcome aboard the union of 1108."

 

[doh]

Yeah where does this 202 thing come from? The standard bid is 16.... 16X13 bid periods = 208

I always bid down to 14. 4 months I was given 16, 4 months I got 14, and 5 months I got 15. I don't know what all this "based on" BS is about, but I take the daily rate and multiply it by the number of days I want to work and there you have it. I don't really want to fly 7/7, I would rather have 5/5/4. So this new bid allowing the workaholics to ask for more should allow me to bid down even more. Happiness! Go little workaholics, go!

 

[jackpilot]

Amen brotha!

 

[notapilot]

Your math doesn't include compounded interest from the extra contributions to the 401k. The bottom line is this: if you can accumulate more funds in your 401k than the projected payout from the pension IN ADDITION TO what you would have in your 401k without the extra contribution, then its worth going to the 401k plan.

Example at end of retirement:

Current:
401k--$800,000
Pension--$800,000= 20yrs
Total=1.6 million

SO, you would technically have to accumulate an extra $800,00 in your 401k if you gave up the pension---assuming you only live 20 years after retirement.

Exactly. So basicly you need to turn a total of $31,500 in additional contributions over a 30 year career into $800,000. If you can achieve that you should switch.