Qf LAME EBA Negotiations Begin
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i'm wondering what mr nasty means by this statement...
arrangements for the transition to retirement for licensed engineers
was job sharing or some such mentioned?
is he talking about the lame on demand?
is he getting us ready for vr if we want it?
arrangements for the transition to retirement for licensed engineers
was job sharing or some such mentioned?
is he talking about the lame on demand?
is he getting us ready for vr if we want it?
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i'm wondering what mr nasty means by this statement...
arrangements for the transition to retirement for licensed engineers
was job sharing or some such mentioned?
is he talking about the lame on demand?
is he getting us ready for vr if we want it?
arrangements for the transition to retirement for licensed engineers
was job sharing or some such mentioned?
is he talking about the lame on demand?
is he getting us ready for vr if we want it?
Job sharing was mentioned for those in their later years wanting to wind down before retiring, or maybe even going part-time because they can't keep up with the full-time pace, but want to share their expertise with others and stay in the industry a while.
VR is well and truly on the cards and a reality. With the reitirng of four 747's next year and some of the 767's going also, this is a way out for those wanting to go also. VR is that. Voluntary.
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Transition to retirement sounds like a great idea. Yes it is a job share situation from what I heard at the meetings .
With an aging LAME work force it will be a good way to keep those skills in the industry and keep an income ticking over without killing yourself or driving the missus nuts by being at home all the time.
I look fwd to details for future reference.
With an aging LAME work force it will be a good way to keep those skills in the industry and keep an income ticking over without killing yourself or driving the missus nuts by being at home all the time.
I look fwd to details for future reference.
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Transition to retirement sounds like a great idea. Yes it is a job share situation from what I heard at the meetings .
With an aging LAME work force it will be a good way to keep those skills in the industry and keep an income ticking over without killing yourself or driving the missus nuts by being at home all the time.
With an aging LAME work force it will be a good way to keep those skills in the industry and keep an income ticking over without killing yourself or driving the missus nuts by being at home all the time.
and not just to avoid the Missus. 
I did not have that choice, but I will never forget as a youngish LAME some 30 odd years ago seeing so many LAMEs who had been doing it all their working lives, especially still on shift work until retirement, retire and then only live a short time longer, several only a week or two, just such a dramatic lifestyle change.
IF you can do it you should.
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Transition to retirement
Sounds like a great option, BUT of all the things that you'd need to consider, your superannuation would have to be THE most important !
Some divisions base your payout on the average of your last xx years salary, and you might find that you've been contributing for 30 - 40 years at (say) a rate based on currently earning $100,000 pa, and three years later your payout is based on you earning $50,000 pa....AFTER 27 - 37 years contributing at a payout rate based on you earning $100,000 pa.
ST
Some divisions base your payout on the average of your last xx years salary, and you might find that you've been contributing for 30 - 40 years at (say) a rate based on currently earning $100,000 pa, and three years later your payout is based on you earning $50,000 pa....AFTER 27 - 37 years contributing at a payout rate based on you earning $100,000 pa.
ST
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Okay, I must admit I had not thought of that, probably because when I retired I had no super at all.
It is still a great idea though, especially IF you could find some way around that.
Mind you money/super is not everything, IF those LAMEs I mentioned before had known that they would retire and in some cases not even get to spend a cent of their super before they were off checking aircraft in Heaven then they may thought so too.
It is still a great idea though, especially IF you could find some way around that.
Mind you money/super is not everything, IF those LAMEs I mentioned before had known that they would retire and in some cases not even get to spend a cent of their super before they were off checking aircraft in Heaven then they may thought so too.
Mind you money/super is not everything, IF those LAMEs I mentioned before had known that they would retire and in some cases not even get to spend a cent of their super before they were off checking aircraft in Heaven then they may thought so too.
Airsupport.
You are presumptious here....LAME'S go to heaven????
Be more fun downstairs with your mates and Old Nick.
Airsupport.
You are presumptious here....LAME'S go to heaven????
Be more fun downstairs with your mates and Old Nick.
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Spanner twister, No doubt those designing the scheme could work around it.
They must!
Div 2 and 3 are the ones I think most would be concerned about with the final average salary calculations.
Maybe they would take the final 3 years prior to TTR? After that super may revert to an accumulation scheme or a grossed up portion as if you were working a full year?
Whatever way it goes it needs to be attractive to the company in maintaining the skills and those wishing to retire "slowly" but not destroy the defined benefit many will be relying on.
They must!
Div 2 and 3 are the ones I think most would be concerned about with the final average salary calculations.
Maybe they would take the final 3 years prior to TTR? After that super may revert to an accumulation scheme or a grossed up portion as if you were working a full year?
Whatever way it goes it needs to be attractive to the company in maintaining the skills and those wishing to retire "slowly" but not destroy the defined benefit many will be relying on.
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Merry Christmas to the 555,223 viewers of our EBA stoush with qantars.
Bet you have learned a thing or two along our journey.
Next one will start late 2013. See ya then.
Bet you have learned a thing or two along our journey.
Next one will start late 2013. See ya then.
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Originally Posted by ampclamp
Spanner twister, No doubt those designing the scheme could work around it.
Originally Posted by ampclamp
Maybe they would take the final 3 years prior to TTR? After that super may revert to an accumulation scheme or a grossed up portion as if you were working a full year?
I agree that this shouldn't be an insurmountable hurdle, and if it can be successfully negotiated then some sort of TTR scheme could indeed be attractive for some of the "older" guys.
ST
Dunno. Not everybody cares?
My personal opinion, shared by all the pilots I know, is you guys are worth a hell of a lot more, but you already know you are. I hope when VR comes along you all take it, particularly those not yet 55 for whom a TTR Pension is not available, and you find an employer and perhaps even a new industry where your contribution is properly valued. [I'll be leaving the industry soon myself and will then only have a passing interest looking back from the RV at the inevitable outcome, rather than a deeply personal interest from the LHS]. **Passing thought, with the number of baby boomers shortly retiring, perhaps you should be looking for a job with Winnebago or Jayco.
Back to TTR Pensions -there are a few pilots who've reached 55 already working under TTR conditions. Over our way, in longhaul it's called a Flexible Line and has been around for a few years now in the Longhaul Pilot's EBA. There's a Shorthaul EBA version as well. Might serve as a rough template for you guys. Those doing it are pretty happy chappies, by all reports. More time to develop other interests before jumping out completely.
As for VR, the Longhaul Pilots EBA still has the redundancy conditions for Flight Engineers written into it, although there have not been any Flight Engineers for a few years now, of course. That would be an excellent starting point for any VR discussions to come.
My personal opinion, shared by all the pilots I know, is you guys are worth a hell of a lot more, but you already know you are. I hope when VR comes along you all take it, particularly those not yet 55 for whom a TTR Pension is not available, and you find an employer and perhaps even a new industry where your contribution is properly valued. [I'll be leaving the industry soon myself and will then only have a passing interest looking back from the RV at the inevitable outcome, rather than a deeply personal interest from the LHS]. **Passing thought, with the number of baby boomers shortly retiring, perhaps you should be looking for a job with Winnebago or Jayco.
Back to TTR Pensions -there are a few pilots who've reached 55 already working under TTR conditions. Over our way, in longhaul it's called a Flexible Line and has been around for a few years now in the Longhaul Pilot's EBA. There's a Shorthaul EBA version as well. Might serve as a rough template for you guys. Those doing it are pretty happy chappies, by all reports. More time to develop other interests before jumping out completely.
As for VR, the Longhaul Pilots EBA still has the redundancy conditions for Flight Engineers written into it, although there have not been any Flight Engineers for a few years now, of course. That would be an excellent starting point for any VR discussions to come.
Last edited by Captain Gidday; 21st Dec 2011 at 08:59.