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flyover · September 8th, 2004, 18:19

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I don't quite get this...Do the pilots get a choice to take their pension as a reduced lump sum if they retire early? Thus depleting the pension fund prematurely? Is the pilot's retirement based off of some sort of percentage of the highest average of their earnings? I'm speculating here...

What is the pilot retirement crisis?

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It is partly what Kristie said, training replacement pilots. But it is more about cash reserves. The pilots can take part of their retirement as a lump sum. This amount is enough that it threatens the airlines cash reserve.

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Also, I didn't really hear anything about all of the 'regional' Delta connection carriers. If it's not broke, don't fix it?

[img]/ubbthreads/images/graemlins/confused.gif[/img]

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I believe Grinstein was talking about Delta as a whole. There is no doubt that any scheduling/hub decisions directly effect the regional divisions. It's all one big (fill in the blank)________ family.

September 8th, 2004, 18:19	#28
flyover Old Skool Join Date: Mar 2004 Location: Georgia Posts: 3,389	Re: DELTA CUTS JOBS [ QUOTE ] I don't quite get this...Do the pilots get a choice to take their pension as a reduced lump sum if they retire early? Thus depleting the pension fund prematurely? Is the pilot's retirement based off of some sort of percentage of the highest average of their earnings? I'm speculating here... What is the pilot retirement crisis? [/ QUOTE ] It is partly what Kristie said, training replacement pilots. But it is more about cash reserves. The pilots can take part of their retirement as a lump sum. This amount is enough that it threatens the airlines cash reserve. [ QUOTE ] Also, I didn't really hear anything about all of the 'regional' Delta connection carriers. If it's not broke, don't fix it? [img]/ubbthreads/images/graemlins/confused.gif[/img] [/ QUOTE ] I believe Grinstein was talking about Delta as a whole. There is no doubt that any scheduling/hub decisions directly effect the regional divisions. It's all one big (fill in the blank)________ family.