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#11
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Unless you're a pilot, forced to retire at 60 by the FARs. Then you
get $28k to live on because you "retired early." Worked hard to build a nice house? You're going to have to sell it -- you won't be able to afford the taxes on it. That's not what NPR said -- although it IS the pilots who will be hurt the most. The way they put it, after clearing a 6-figure income as a United pilot, a retired United pilot would be capped at "only" $45K annually under the new plan, despite the fact that his higher past salary entitled him to a MUCH higher pension payment under the old retirement plan. -- Jay Honeck Iowa City, IA Pathfinder N56993 www.AlexisParkInn.com "Your Aviation Destination" |
#12
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"Jay Honeck" wrote in message news:cNNge.76189 Speaking as one of the millions who have never had a pension plan -- and never will -- $45K per year for sitting around the house sounds pretty danged good. Of course, that pension will now be paid out by We, the People, instead of They, the Stockholders... Yep. Corporate welfare, and never a demand for accountability. You guys suppose that if a General destroyed his entire brigade or division, they'd give him a $1.5 million dollar pension and let it go? -c |
#13
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gatt wrote:
My dad worked for 24 years at UAL-PDX. Laid him off in his 24th year, a year before he was eligible for full retirement. He was UAL-PDX employee of the year a couple of times, received all kinds of awards and bonuses...he received one award for not missing a day of work for something like five years. Years later, some new jackass comes along, wrecks the company and walks off with a $1.5 million guaranteed pension after a trivial amount of time. Meanwhile, the pilots, flight attendants and everybody else who MADE UNITED WHAT IT WAS are screwed out of their contracted pension. snip Welcome to the club. Those of us who have been FORCED to participate in the ponzi scheme known as Social Security for the past 30 years are looking at getting pennies on the dollar compare to what we paid in. People should be responsible for their OWN retirement plans. I have always paid the maximum amount into social [in]security over the years. Had I been able to manage that money myself I could be retired by now. As it is, that money has been spent (squandered would be a better term) and one day they will tell me "sorry but we can't 'afford' to pay you your money. Fortunately I have maintained a ROTH IRA where I have been able to manage my OWN money. When you abrogate your responsibilities to others you become dependent on them. |
#14
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Lets see. I'm already boycotting US Airways forever (They gave away our seats on a connecting flight for a weekend trip). Now I have to boycott United. Damn good thing I've got my own plane. Sir, you are a role model. : -c |
#15
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gatt wrote:
You guys suppose that if a General destroyed his entire brigade or division, they'd give him a $1.5 million dollar pension and let it go? No, but he might receive an award from the President. - Andrew |
#16
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"RomeoMike" wrote in message
I feel a lot of sympathy for your dad, but he will still get a pension (I heard up to 3/4th of what it was supposed to be) at taxpayers' expense. If United is boycotted, where will all the layed off employees go? No pension, but no job! They're probably better off finding work at a company that won't screw them and the taxpayers based on poor executive decisions. Something has to happen, cause this sort of nonsense just keeps continuing. Hewlett-Packard is another classic example. Carli the Destroyer got tens of million dollars in severance plus $50,000 for--get this--"career counseling"--meanwhile, a friend of mine who has been an engineer and designer in their most successful business unit is one of seven remaining from a team of over 50, and he's expecting to be laid off within the year. Like United, the people who made the company what it is suffer. The ones who wreck it walk away with millions. At some point, it becomes a matter of America's best interest to make an extreme example of someone. -c |
#17
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If they're smart, they'll leave. The company has already shown what its
word is worth. Would you work for someone that broke promises to pay you? My dad worked there for 24 years. They laid him off before he could retire, but he was promised his pension when he reached retirement age. Too late for to "leave." Are you saying my father isn't "smart"? Are you saying that company loyalty and hard work isn't smart? -c |
#18
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Are you saying my father isn't "smart"? Are you saying that company
loyalty and hard work isn't smart? No, your father was crapped on. "Company loyalty" is a myth. In my years in the corporate world, I saw no loyalty, either from the company, or from the workers. Which is just one reason I choose to be in business for myself, despite the risks. -- Jay Honeck Iowa City, IA Pathfinder N56993 www.AlexisParkInn.com "Your Aviation Destination" |
#19
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#20
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