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Old July 29th, 2008, 22:48   #43
Capt. Caucasian
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Join Date: Jan 2008
Location: Newnan
Posts: 1,122
Default Re: ALPA National Officers and Employees Salaries

Quote:
Originally Posted by Orange Anchor View Post


Sorry about the financial strain. That seems to come with the territory these days. I also took some major hits with the pension termination and while you are talking about taxes, when the gov looked at the pensions, they declared the money the company set aside as 'non-qualified' and when it was disbursed, the Feds took 28% off the top. The company made out. The banks made out. The gov made out... no help from the Ds on trying to get that pension money qualified and thus not subject to the tax rip.
Seeing as you are in ATL and talk about the non-qualified stuff I guess we both fly planes with Widgets on them. My dad is in the same boat as you (retired May 2004) and lost a significant portion of his annuity. However, he puts full blame on the Republicans.

Quote:
But to continue.. I spent more than a few hours talking to friends who had things fall apart when they took huge cuts. Lost houses, families broke up, marriages failed. Not pretty by any means. As for stupid pilot things, we had our share from guys taking off without sufficient fuel to letting an FA land the airplane. ??? ( or at least sit in the seat for landing).

Hope that things have improved for you.
As long as I don't get furloughed.
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