Thread: Allegiant Air
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Old 01-23-2015 | 11:27 AM
  #1579  
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Ok boys and girls, looks like VA be getting some love from Branson. And VA hasn’t been half as profitable as this cash cow. W T F over!


Originally Posted by Busdriver320
Yep.

Effective 4-1-15:

Capt
160
166
168
171
173
175
178
180
182
185
187
189

FO
52
85
98
104
109
113
116
118
120
123
124
125

Increase in 401k to 12% total.
First 7.5% is 125% matching on pilot's 6% contribution.
Remaining 4.5% is automatic and doesn't require pilot contribution (so if you contribute 0 you still get 4.5%). And, the 4.5% doesn't count toward IRS limits, so it's more like a DCP but within the existing 401k.

Profit sharing formula now based on pure earnings, no algebraic formula based on earnings + longevity (that they capped at 3 years last year).

Won't stop the upcoming(?) card drive, but may reduce some numbers.

I don't think anyone expected this!