AA767AV8TOR said:Flopgut,
That’s exactly what I have been talking about. Not one Southwest pilot has been able to articulate exactly why there are taking political action to change the rule. Why are they being this selfish and self centered with thousand of pilots still furloughed? Though individual pilots from the legacy carriers can go to Washington, the official positions of both APA and ALPA is NO to any increase in retirement age. SWAPA is the only major union pushing for the rule change and has been for a long time.
1) Is it a money issue?? I was told the average SW pilot is retiring with close to $3 mil.
2) Is it a flying issue?? If they want to fly so badly, why not just rent a 182 or fly overseas?
3) Is it a discrimination issue?? Explain to me why age discrimination at age 65 is any different than age 60?
We keep getting told how great everything is over at Southwest. Fine, I’m happy for them, but if it’s that great, then why do they feel the need to have to fly to age 65. If they want an extra million $$ then they should negotiate it in their own collective bargaining agreement.
Go ahead and keep telling me how awesome everything is over at Southwest, but something is terribly messed up when they have to go through political channels to fly into their retirement years. That alone tells me Southwest is not paying their pilots an adequate retirement plan. Talk about being in denial.
What is probably happening at Southwest, just as the 37 year UAL pilot mentioned in the article, pilots are pissing away their normal pay and then finding out they don’t have enough for retirement. That’s why Southwest needs some form and/or combination of A & B plans. I know their management has got them scared about different types of pension plans, so if they don’t like DB or DC plans, they should increase their 401K match. 7.3% is just not enough. It should be up around 10% – 15%. Furthermore, they just can’t keep counting on profit sharing especially with the bulk of their fuel hedges running out in less than 18 months.
Southwest is just starting their own contract negotiations – retirement should be at the top of their list.
AA767AV8TOR
I know some pretty senior SWA types, some look like they have money, some don't. An airline buddy of mine (non SWA) who knows these guys better told me they DO NOT have that much dough. I didn't believe it, I thought they were rolling in it. There is another thread on here where we covered it. Bottom line: I guess the guys with 20-25 years over there have around 1-1.5m, and they don't think it's enough.