Originally Posted by
unit monster
I've been thinking about this post a lot lately and I just recently figured out how to find your contract. Wouldn't you have to make over 100k for the company to match 6k in your retirement?
If I'm wrong, someone please school me.
At the 5th year of service assuming he made 51K, the company would match the initial 5% to contribute $2550, then an additional 4% to add in $2040 according to the Defined Contribution Plan. This would be a company contribution of 9% for a total of $4590 with the pilot contributing a minimum of $2550. I still didn't get to 6k, but 4600 is still impressive.