Originally Posted by
DeadStick
A few questions for Frontier guys:
I'm aware of the 401k plan, but is there a Defined Contribution plan? I had read something about 2.2%?
I assume no Profit Sharing?
What is upgrade? APC says 2007, but I've heard 2012.
When in 2017 is the contract amendable?
Thanks
The 401k: the company will match 50% up to 10% of your pay. So basically you contribute 10% and they add 5% on top of that.
The defined contribution plan ranges from 2% to 6%. It does not kick in until 2 years, and then it starts at 2% and goes up 1% a year until you hit 6%. Combined, the company contributes a maximum of 11% of your salary to retirement, plus you have to put in 10% of your own to get the full match from the company.
Upgrade time is getting shorter and shorter. It was about 10 years, but now it's looking to be about 2.5 or less. The first class of new hires was Sept 2013 (in a long time) and they are about 2 upgrade classes away, or possibly will be awarded upgrade in the next bid with a few senior guys bypassing.
I think the contract is amendable March 2017. I think...