When can AirTran dump ALPA?

[redflyer65]

This is a good point. Most ALPA legacies actually have a higher contribution percentage than SWA's. Our DC is 15% from day one and does not require pilot input for any matching, it's 15% no matter what the pilot puts in. Red, you are buying hook line and sinker into your propaganda piece about how wonderful your 401k is, but that masks the fact that the company contributes less to your plan than other carriers do.

Thanks for your post Dan. I have no delusions that SWAPA is perfect. Do we need a better match? Absolutely. There are areas and things that need to be perfected. I agree.

But the product that the SWAPA 401k committee (not SW the company) has put together is better than not only other airlines, but up there with choices from all the largest US companies.

It's a combination of high participation rate (as stated earlier) and outstanding choices on WHERE to invest our monies. Our in-house 401k committee vets each mutual fund frequently. There are many that want to get on the list yearly...but don't make it. We have in-house aged based choices...then on top of that we have the ability to trade in the open market with pretty much any ETF, Stock and/or outside mutual funds. This overall flexibility is far and beyond what most companies allow their employees to invest in. See the big picture now Dan? And yes, I credit our union with knocking this out of the park. If you think that's 'hook line and sinker' then you're entitled to your opinion.

 

[Dan Roman]

Thanks for your post Dan. I have no delusions that SWAPA is perfect. Do we need a better match? Absolutely. There are areas and things that need to be perfected. I agree.

But the product that the SWAPA 401k committee (not SW the company) has put together is better than not only other airlines, but up there with choices from all the largest US companies.

It's a combination of high participation rate (as stated earlier) and outstanding choices on WHERE to invest our monies. Our in-house 401k committee vets each mutual fund frequently. There are many that want to get on the list yearly...but don't make it. We have in-house aged based choices...then on top of that we have the ability to trade in the open market with pretty much any ETF, Stock and/or outside mutual funds. This overall flexibility is far and beyond what most companies allow their employees to invest in. See the big picture now Dan? And yes, I credit our union with knocking this out of the park. If you think that's 'hook line and sinker' then you're entitled to your opinion.

Well, you can certainly make the case that giving pilots too many choices is an invitation for lower returns!
I'm not attacking you dude, just pointing out the fact that SWA lags in retirement benefits.

 

[redflyer65]

Well, you can certainly make the case that giving pilots too many choices is an invitation for lower returns!
I'm not attacking you dude, just pointing out the fact that SWA lags in retirement benefits.

No worries Dan. I agree we need to raise our match, the other stuff is above par.

PS- I've worked at companies that gave you five mutual funds to chose from...five. No other option. More options are better.

 

[dalad]

Thanks for your post Dan. I have no delusions that SWAPA is perfect. Do we need a better match? Absolutely. There are areas and things that need to be perfected. I agree.

But the product that the SWAPA 401k committee (not SW the company) has put together is better than not only other airlines, but up there with choices from all the largest US companies.

It's a combination of high participation rate (as stated earlier) and outstanding choices on WHERE to invest our monies. Our in-house 401k committee vets each mutual fund frequently. There are many that want to get on the list yearly...but don't make it. We have in-house aged based choices...then on top of that we have the ability to trade in the open market with pretty much any ETF, Stock and/or outside mutual funds. This overall flexibility is far and beyond what most companies allow their employees to invest in. See the big picture now Dan? And yes, I credit our union with knocking this out of the park. If you think that's 'hook line and sinker' then you're entitled to your opinion.

We have our own ability to invest as we want at DAL with a Brokerage link option. I trade the VIX futures through my company account, short UVXY and long SVXY. Pull up a 2 year chart on UVXY and see why it's a shorts dream. It has helped me grow my DC plan from just pver 150k to well over 600k today. I buy the puts on it whenever it spikes.

 

[burg]

Our pilots are grossly uninformed as to b-funds..

And swapa has not tried to fix it.

Including a b-fund the total
compensation package raise has to be a 21% or we are
Screwd,,,,

 

[PCL_128]

No worries Dan. I agree we need to raise our match, the other stuff is above par.

You still aren't getting it. A match, no matter how high, is still subpar. You need a B-Fund or a non-elective contribution (NEC). You shouldn't have to contribute a dime to get at least the first 12% or so.

 

[dicko]

A match, no matter how high, is still subpar. You need a B-Fund or a non-elective contribution (NEC). You shouldn't have to contribute a dime to get at least the first 12% or so.

Red,

Despite the ongoing SWAPA vs ALPA acrimony, this is one item that we should agree on. PCL is correct; This is a plan that helps everybody. Especially those that find it difficult to contribute to their traditional 401K. For whatever reason.

It has some of the advantages of the old pension schemes, without the vulnerability of the company taking it from you a year before you retire.

 

[redflyer65]

Guys, I completely agree with both of you. B fund is the way to go.

I'm using a generic term 'match', so maybe I should have been more clear.

Did Airtran have any profit sharing dynamic? We've been getting around 3.5% lately, so that helps. But then its not contractual. So the B fund is definitly needed.

 

[PCL_128]

No, we didn't have a profit sharing plan. Personally, I'm not a fan of them. My compensation should not in any way be based upon the whims of managers manipulating numbers for tax purposes.

 

[madjack]

Why did AAI/ALPA lawyers think the DRA venue is better than filing a grievance or federal lawsuit directly against SWA (vs the DRC against SWAPA)?

 

[GhettoBeechjet]

Because it's easier faster and cheaper to try the DRC first. I predict if the AAI pilots don't get a huge win out of the DRC arbitrations that Federal court is the next step. This won't be over for years but that's not the important thing. The important thing is the ALPA lawyers and guys like PCL will continue to get paid.

 

[PCL_128]

Why did AAI/ALPA lawyers think the DRA venue is better than filing a grievance or federal lawsuit directly against SWA (vs the DRC against SWAPA)?

You can't file a grievance or a federal lawsuit when there's an agreement on an alternative process (the DRA). If you go to federal court, the judge will remand the case back to the DRC. Same if you try to go to an arbitrator through the grievance process. So filing a grievance or a lawsuit would just be a waste of time.

 

[jonjuan]

No worries Dan. I agree we need to raise our match, the other stuff is above par.

PS- I've worked at companies that gave you five mutual funds to chose from...five. No other option. More options are better.

No airline has just 5 mutual funds from which to choose. Not a one. The min is probably 35. Oh, and many allow you trade/gamble in stock as well. Not much difference.

 

[PCL_128]

Most studies have shown that limiting choices is actually better for the overwhelming majority of employees, and yields higher investment returns over time.

Not that I'm in favor of restricting options, but there is a solid argument to be made for it.

 

[SWA Bubba]

. . . . . When you can snatch the membership card from their hand, Grasshopper.

Seriously, until we are wearing SWA ID's and are flying purple planes, we need the representation we have.

If you want to get your money's worth, volunteer to serve on a couple of committees.

Yet more ALPA propaganda... Stop believing everything your union tells you, Ty.

They're blurple, not purple. Geez, get it right, willya'?

Bubba