Originally Posted by
Kalamazoo
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.
aha! Thanks, should have read section 25
B.
With ASA's terrible contract in mind I didn't realize there was a defined contribution and stopped at 25 A.
I want a defined contribution too!