OH.. So this is why we got into AVIATION?!?

[crashpad]

Yes! I do agree with that. Better yet, the gov't compensates the lazy people. Hmmmmm, let's see....get knocked up....get a check. Be a crack head.....get a check. Work your a$$ off.....pay them! WTFO??????

Don't forget Habitat For Humanity!!! It GIVES homes to welfare dopeheads and illegal aliens, while the rest of us have to sacrifice for years for just have a down payment!

 

[100LL... Again!]

More entitlement mentality from the top of the socialist foode chain.

Pensions suck. Earn you money, invest it and fend for yourself.

When I hear of some major pilots who are fearful for their future after years of over-100K salaries, I say goo freakin' luck!

Enjoy the cardboard box under the bridge if you weren't smart enough to save some money.

Only a gigantic fool would have asssumed that pensions were bulletproof.

What about the millions of people who worked harder than them for less money who never got pensions?

Ohhhh, they're not pilots, so they would, of course, not even deserve to dream about retirement security.

Watching the arrogant fall. They have done it to themselves through greed and ignorance.

 

[Whirlwind]

Like employees of United Airlines, Jerry Fallos of
Gilbert, Minn. -- who put in 35 years at LTV Steel
Corp. -- thought his pension was secure.

I agree that it is frustrating to have this pulled from under your legs, but then money you do not control is not really yours yet.

But today he and his wife, Barbara, find themselves
building a nest egg from scratch. He and other workers
have been forced to burn up their savings to pay for
health care. To make house and car payments, some have
had to take on second jobs or go back to school to be
retrained late in life in a new skill.

A very seperate issue from pensions. The company he worked for went belly-up, it happens...

Mr. Fallos spent more than three decades at LTV's
iron-ore mine in Minnesota

Well then he should be ok, 3 decades is a long time to be putting money back into savings...

"That hurt," says Ms. Fallos, 49. "We don't like to
see our kid graduating from college with a huge debt."
The parents have taken out a loan to help their
21-year-old son Jake pay for his first two years at a
community college.

You can take out a loan for school, you can NOT take out a loan for retirement.

Make sure your own retirement is taken care of, then you can help the kids with college.

In any case, if you save 10% or more of your income your whole life, put it into broad market coverage investments with nothing more than 5% of your money, then you should retire with plenty of money at 65.

 

[720degpersec]

In response to 100LL post :

"More entitlement mentality from the top of the socialist foode chain"

You have no idea what you are talking about. Socialism and communism has nothing to do with pensions.

"Pensions suck. Earn you money, invest it and fend for yourself"

If a company is willing to secure an employee's retirement to attract the best I do not think it sucks. If pensions are going it is only because the law allows it and companies have no moral obligations whatsoever.


"When I hear of some major pilots who are fearful for their future after years of over-100K salaries, I say goo freakin' luck! "

You obviously are not a major pilot...but if you are, why the hate...hmmm jealousy ?

"What about the millions of people who worked harder than them for less money who never got pensions?"
"Ohhhh, they're not pilots, so they would, of course, not even deserve to dream about retirement security."

Ok, 100LL. Know of any jobs where you start at the bottom of the food chain every time you change company ? You can have 10 years experience flying international widebodies, it doesn't matter, you'll go back year to salary and benefits. That is why we have to have our retirement secured in some way.

You finish calling us arrogant. I think YOU are arrogant and do not know what you are talking about.

 

[klhoard]

Don't forget Habitat For Humanity!!! It GIVES homes to welfare dopeheads and illegal aliens, while the rest of us have to sacrifice for years for just have a down payment!

.
.
.
You don't hear much about the Habitat for Humanity folks who lost their free house because someone "gave" them a mortgage on it, do you??
.
.
.

 

[100LL... Again!]

Hate? Jealousy? Nope.

Tired of the whining from the guys who have it all. I don't care if they keep or lose their pensions. All I know is that if a 100K-plus income earner is not prepared for their retirement they are idiots. I'll say it again - if you thought pensions were bulletproof, you're crazy.

And I have been in this business long enough to know how the game works. You are just not ready to acknowledge the reality of the situation.

As it is, I am seeing my predictions fulfilled, for whatever tha is worth.

And by the way, a little dictionary exercise:

JEALOUSY
1 a : intolerant of rivalry or unfaithfulness b : disposed to suspect rivalry or unfaithfulness
2 : hostile toward a rival or one believed to enjoy an advantage
3 : vigilant in guarding a possession <new colonies were jealous of their new independence -- Scott Buchanan>

ENVY

1 : painful or resentful awareness of an advantage enjoyed by another joined with a desire to possess the same advantage


For what you intended, I think envy would have been the better choice.

 

[buttercup]

You wanna talk about reality buddy. 100k isn't really that great of a salary. Ten years ago it was.. Now 200k is yesterdays 100k!! I don't know what part of the country you live in but go buy some self worth!!

 

[doh]

100Lowlife, one finger salute to you. The whole issue of the pension and losing it is not left wing drivel. It is executive greed (notice that not one exec has even taken a cut in benefits!), it is management by dishonesty and an abandonment of "The going concern" for a single quarter of paper profits. If this is about taking responsibility for your actions and life, let management take the first hit! As long as they continue to suck at the corporate teet, weenie like you can EFF off about how "rich" pilots should have to fend for themselves. Bite me, D!K HEAD!

 

[zonker]

Don't bother responding to 100 Low Life. He's a complete douche...and a cheap tipper as well.

 

[100LL... Again!]

I have no problem with these guys keeping their pension. I think the idea of pensions (as we know them) sucks. The company is allowed to mismanage the money any way they like, and apparently get away with it.

I also have no problem with them losing it. That is life. People everywhere today are losing a child to a car accident, finding out they have cancer, etc. It just does not register on ly list of tragedies. The entitlement mentality is just very obvious here.

$100K just not enough for ya? Poor baby. It's more than enough for me. Call me a whore if you like. Just because pilots are historically overpaid doesn't mean that it should continue forever.

Management (while unscrupulous, often incompetent, and always greedy) has proven to to be smarter than you have been.

They will dump the pensions, cut your pay, and shift flying to the new C-scale: the so-called regionals. You have been powerless to stop it because you thought that the old ways would still work.

You've been checkmated, friends. Adapt or perish. You did not adapt, nor anticipate the current situation, therefore you will perish.

It is tragic, but so is much of life. I have learned to accept this, since life is not fair. I've learned that ALPA only cares about me if I already make a lot of money. I've learned ALPA will forgive scabs to gain more power and union dues. I've learned that the brotherhood is a concept that is only invoked when I am being called upon to sacrifice. I've learned that no one is really looking out for me.

Management has won this round, friends. The sooner you make your peace with this and adapt to new methods, the sooner you will recover. It is amazing to watch pilots keep using the same losing playbook over and over and expect it to win.

Self-righteousness will only carry you so far. You are losing because you did not understand the rules, nor forsee the potential for catastrophe. This is the simple truth. When you lose, it is as much your own fault as that of your opponents.