Originally Posted by
Superdad
I recently flew with a MSP Captain who told me that he would go for a 12% pay increase, an additional 10% company contribution to 401k, and a significant reduction in health insurance premiums, all to add up to what he called a roughly 30% pay raise.
discuss...
p.s. this idea is being floated by some of the reps...
12% is not going to cut it on the pay raise side. 10% more into the 401K would exceed the 415C limit of 49,000 per year for many if not most pilots with their 401K contribution. If the contract required the company to convert the 24% to pay once the 415C limit was reached it might entice some pilots to vote for the package. It would not get my vote.
Dalpa has not even started constructing the opener so for now its all moot anyway. They will not begin that process until after the contract survey which will be in the August time frame.
The opener from the company I suspect will stun most pilots. I would expect something on the order of a 3 percent pay raise with 3 percent each year offset by work rule concessions to cover the cost of the raise. Visible pilot reaction to managements opener will help determine the final outcome of the contract.