AA717driver said:I've got a friend at UAL who is 57. No retirement. No chance to recover. It kills me to talk to him because he is just screwed.
He is 57 you say. How much does he have in the B-fund. Did he sell his claim and you are not taking into account the fact that he is going to receive the biggest part of the bridge to level out his A plan termination from the note. The guys that are screwed are the guys that left and did not participate in the PLSA or Lump. Hindsight is twenty twenty and those guys that left before BK and were able to receive the windfall from when the ESOP shares were worthsomthing are doing all right.
You limited knowledge of the actual situation is a bit flawed. This 57 year old pilot is not giving all the details and pilots in general tend to poor mouth uless they just won the lottery. Even then they would be complaining about the tax implications. So reserve your pity for real cause. The guy is doing all right. If he has 3 ex wives, with 8 kids ages 3-40 and they all live at home with half of them in some type of mental therapy for drugs/alchohol or addicted to internet porn then it is his own fault for the situtaion he is in. A lot of guys could make a million bucks a year and still spen 1.5million.
While C2K was a great contract I think everyone realized it was unsustainable the day it was signed. It was the those simpletons that had no clue about the reality of the industry that were surprised to see the cuts.