USAIRS PILOTS PENSIONS ARE IN JEOPARDY

kel · January 30th, 2003, 14:10

www.usatoday.com

I_Money · January 30th, 2003, 14:16

It is unfortunate however I think there will be quite a few people who retire soon who will not be living to the standard they had planned or hoped for during their retirement.

Once I have my MBA I have a great idea for retirement plans, it will revolutionize the way people save for their retirement. It is the awesomist plan; that will make saving easy, and have fabulous returns and make retirement very enjoyable. However poeple will have to wait, I have other worries and prioritize right now!

farwellbooth · January 30th, 2003, 14:42

Awesomist? I dare you to use that word with a board of directors after you get your MBA... What's up, you're English and recently finished university? I don't know about England but MBAs are a dime a dozen here...

I_Money · January 30th, 2003, 16:53

I understand that lots of people have MBA's in the US (as do many in the UK), however how is that relevant? The earliest I will start my MBA will be in 4 years, and even that is not the determining factor on this idea.
I start a new job next week that I am sure I am going to enjoy aswell as gain valuable experience. I have also ordered a new car which needs a steady job in order to pay for it. Timing is everything, and now is not the time to either look seriously into this venture or do an MBA.

Mahesh · January 30th, 2003, 19:10

I think personal savings are the best way to go as far as retirement. I don't put much trust in pension or Social Security these days.
Ouch farwellbooth, I think Iain was just trying to say that he has an idea. Hope it works out for him, especially if he can help old people.
Lately, it seems like people on this board jump on others the first chance they get.

Mahesh

FLYMcDoofer · January 30th, 2003, 19:13

Iain what kind of car did you order?

I_Money · January 30th, 2003, 19:51

I am getting one of these imported from the UK.

PurduePilot · January 30th, 2003, 20:14

Why didn't you go for the latest in Serbio-Croation technology and get a Yugo?

I_Money · January 30th, 2003, 20:15

There is nothing like the pleasure of driving a 3 wheeled Robin-Reliant on the freeways of Los Angeles! I am sure the girls will love it too!

flyitup · January 30th, 2003, 20:35

[ QUOTE ]
There is nothing like the pleasure of driving a 3 wheeled Robin-Reliant on the freeways of Los Angeles! I am sure the girls will love it too!

[/ QUOTE ]

I would pay to watch you strut around in that thing!

Reminds me of the gay car that Steve Urkel drove on Family Matters...

E_Dawg · January 30th, 2003, 20:49

That's a SWEET car!!!

just keep it away from me

E_Dawg · January 30th, 2003, 21:03

[ QUOTE ]
Awesomist? I dare you to use that word with a board of directors after you get your MBA... What's up, you're English and recently finished university? I don't know about England but MBAs are a dime a dozen here...

[/ QUOTE ]

Good thing you're perfect though... right?

What's wrong with a dude having aspirations and goals???? Last time I checked, not only is that a good thing... but it's also the point of this site...

I_Money · January 30th, 2003, 21:57

Steve Urkle's car was a BMW Izetta with the door on the front, that will not impress the girls at the beach as much as the Robin!

Ed, what do you mean, I thought we would go down to Huntington and cruise PCH in that!

A320_DUDE · January 30th, 2003, 22:07

If USAir suceeds in terminating the pilots pensions, I don't see the pilot group doing anything more to help the airline out. I feel sorry for those guys,they have been totally screwed over since Chap 11......the fact that they have 16 year vets as reserve F/Os on the 737 is sad!

davetheflyer · January 31st, 2003, 11:15

I couldn't get the link to work, but the Pension Benefit Guarantee Corp (PBGC) is a federal organization (like the FDIC) that guarantees pension benefits in the event that a pension plan terminates. I think that it is highly unlikely that US Air employees would wind up with nothing, although they might not get the full amount that they were promised by the company.

www.pbgc.gov

I_Money · January 31st, 2003, 14:30

This is the actual one, my friend picked it up today.

He is organizing the shipping right now, it looks like it will be here for the summer (hopefully May!).

averyrm · January 31st, 2003, 15:13

lol, I thought you were being sarcastic when you said that you were importing that car. Is it even street legal in the US?

I_Money · January 31st, 2003, 17:03

[ QUOTE ]
I thought you were being sarcastic

[/ QUOTE ]

Me scarcastic? NEVER.

January 30th, 2003, 14:10	#1
kel Newbie Join Date: Dec 2002 Location: BOSTON,MA Posts: 12	USAIRS PILOTS PENSIONS ARE IN JEOPARDY www.usatoday.com

January 30th, 2003, 14:16	#2
I_Money Moderator Join Date: Jul 2000 Location: Socal Posts: 5,645	Re: USAIRS PILOTS PENSIONS ARE IN JEOPARDY It is unfortunate however I think there will be quite a few people who retire soon who will not be living to the standard they had planned or hoped for during their retirement. Once I have my MBA I have a great idea for retirement plans, it will revolutionize the way people save for their retirement. It is the awesomist plan; that will make saving easy, and have fabulous returns and make retirement very enjoyable. However poeple will have to wait, I have other worries and prioritize right now!

January 30th, 2003, 14:42	#3
farwellbooth Senior Member Join Date: Jul 2001 Location: Portland, OR Posts: 316	Re: USAIRS PILOTS PENSIONS ARE IN JEOPARDY Awesomist? I dare you to use that word with a board of directors after you get your MBA... What's up, you're English and recently finished university? I don't know about England but MBAs are a dime a dozen here...

January 30th, 2003, 16:53	#4
I_Money Moderator Join Date: Jul 2000 Location: Socal Posts: 5,645	Re: USAIRS PILOTS PENSIONS ARE IN JEOPARDY I understand that lots of people have MBA's in the US (as do many in the UK), however how is that relevant? The earliest I will start my MBA will be in 4 years, and even that is not the determining factor on this idea. I start a new job next week that I am sure I am going to enjoy aswell as gain valuable experience. I have also ordered a new car which needs a steady job in order to pay for it. Timing is everything, and now is not the time to either look seriously into this venture or do an MBA.

January 30th, 2003, 19:10	#5
Mahesh Senior Member Join Date: Mar 2001 Location: Northern Hemisphere Posts: 1,311	Re: USAIRS PILOTS PENSIONS ARE IN JEOPARDY I think personal savings are the best way to go as far as retirement. I don't put much trust in pension or Social Security these days. Ouch farwellbooth, I think Iain was just trying to say that he has an idea. Hope it works out for him, especially if he can help old people. Lately, it seems like people on this board jump on others the first chance they get. Mahesh

January 30th, 2003, 19:13	#6
FLYMcDoofer Junior Member Join Date: Jun 2001 Location: JZI Posts: 217	Re: USAIRS PILOTS PENSIONS ARE IN JEOPARDY Iain what kind of car did you order?

January 30th, 2003, 19:51	#7
I_Money Moderator Join Date: Jul 2000 Location: Socal Posts: 5,645	Re: USAIRS PILOTS PENSIONS ARE IN JEOPARDY I am getting one of these imported from the UK.

January 30th, 2003, 20:14	#8
PurduePilot Senior Member Join Date: Oct 2000 Location: Sherborn, Massachusetts USA Posts: 1,309	Re: USAIRS PILOTS PENSIONS ARE IN JEOPARDY Why didn't you go for the latest in Serbio-Croation technology and get a Yugo?

January 30th, 2003, 20:15	#9
I_Money Moderator Join Date: Jul 2000 Location: Socal Posts: 5,645	Re: USAIRS PILOTS PENSIONS ARE IN JEOPARDY There is nothing like the pleasure of driving a 3 wheeled Robin-Reliant on the freeways of Los Angeles! I am sure the girls will love it too!

January 30th, 2003, 20:35	#10
flyitup Senior Member Join Date: Sep 2002 Location: Denver, CO Posts: 620	Re: USAIRS PILOTS PENSIONS ARE IN JEOPARDY [ QUOTE ] There is nothing like the pleasure of driving a 3 wheeled Robin-Reliant on the freeways of Los Angeles! I am sure the girls will love it too! [/ QUOTE ] I would pay to watch you strut around in that thing! Reminds me of the gay car that Steve Urkel drove on Family Matters...

January 30th, 2003, 20:49	#11
E_Dawg Moderator Join Date: Apr 2002 Location: chicago Posts: 4,147	Re: USAIRS PILOTS PENSIONS ARE IN JEOPARDY That's a SWEET car!!! just keep it away from me

January 30th, 2003, 21:03	#12
E_Dawg Moderator Join Date: Apr 2002 Location: chicago Posts: 4,147	Re: USAIRS PILOTS PENSIONS ARE IN JEOPARDY [ QUOTE ] Awesomist? I dare you to use that word with a board of directors after you get your MBA... What's up, you're English and recently finished university? I don't know about England but MBAs are a dime a dozen here... [/ QUOTE ] Good thing you're perfect though... right? What's wrong with a dude having aspirations and goals???? Last time I checked, not only is that a good thing... but it's also the point of this site...

January 30th, 2003, 21:57	#13
I_Money Moderator Join Date: Jul 2000 Location: Socal Posts: 5,645	Re: USAIRS PILOTS PENSIONS ARE IN JEOPARDY Steve Urkle's car was a BMW Izetta with the door on the front, that will not impress the girls at the beach as much as the Robin! Ed, what do you mean, I thought we would go down to Huntington and cruise PCH in that!

January 30th, 2003, 22:07	#14
A320_DUDE Junior Member Join Date: Aug 2002 Location: Hartford,CT Posts: 203	Re: USAIRS PILOTS PENSIONS ARE IN JEOPARDY If USAir suceeds in terminating the pilots pensions, I don't see the pilot group doing anything more to help the airline out. I feel sorry for those guys,they have been totally screwed over since Chap 11......the fact that they have 16 year vets as reserve F/Os on the 737 is sad!

January 31st, 2003, 11:15	#15
davetheflyer Senior Member Join Date: Dec 2001 Location: KATL, Georgia, Tennessee Posts: 1,016	Re: USAIRS PILOTS PENSIONS ARE IN JEOPARDY I couldn't get the link to work, but the Pension Benefit Guarantee Corp (PBGC) is a federal organization (like the FDIC) that guarantees pension benefits in the event that a pension plan terminates. I think that it is highly unlikely that US Air employees would wind up with nothing, although they might not get the full amount that they were promised by the company. www.pbgc.gov

January 31st, 2003, 14:30	#16
I_Money Moderator Join Date: Jul 2000 Location: Socal Posts: 5,645	Re: USAIRS PILOTS PENSIONS ARE IN JEOPARDY This is the actual one, my friend picked it up today. He is organizing the shipping right now, it looks like it will be here for the summer (hopefully May!).

January 31st, 2003, 15:13	#17
averyrm Old Skool Join Date: May 2002 Location: LCK Posts: 1,645	Re: USAIRS PILOTS PENSIONS ARE IN JEOPARDY lol, I thought you were being sarcastic when you said that you were importing that car. Is it even street legal in the US?

January 31st, 2003, 17:03	#18
I_Money Moderator Join Date: Jul 2000 Location: Socal Posts: 5,645	Re: USAIRS PILOTS PENSIONS ARE IN JEOPARDY [ QUOTE ] I thought you were being sarcastic [/ QUOTE ] Me scarcastic? NEVER.

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