Originally Posted by
Wuzatforus
So, an additional 5.7% from the company by 2018 in comparison to what they are contributing now?
What I'm getting at is the 15% will be viewed by some at Delta to not be a clear win for those demanding more than current company offer. The extra bump in retirement funding tamps that down a bit from my view.
I'm not trying to judge what you guys should do or not do.
Thanks for responding.
Also - What concessions were made? You stated an extra $800 Million since last month. I assume that's counting retro and through the term.
Also, nice work on the 3% at the end. Not sure ice ever seen that anywhere else.
It's not just an extra 5 percent for retirement. The 401k match is great, but I essentially take a 10 percent pay cut now to pay myself later. Guess what? I need that money now. I have bills to pay. I just suck it up and put it in retirement though because to do otherwise would be foolish. I don't have the choice to invest or spend it.
There are plenty of guys on first, second, and tenth year pay that are not contributing to their 401k because they can't afford it due to whatever their circumstances are. The company knows this and that is how they were saving money. Retirement at SWA is a shell game and pilots and flight attendants and rampers are all on the same plan.
A B fund is industry standard for major airline pilots. It is a huge gain in my opinion.