Originally Posted by
Tanker1497
Hello
1. Our 15 percent of flight pay goes into our 401k.
2. No. You can contribute any amount up to annual limits, but no match.
Congrats on the new contract!
The companies current table position is to raise the DC funding to 16%. Sounds good however they have proposed eliminating that payment on profit sharing. With the profit sharing last year the actual rate paid by the company was just over 18%. If we keep the PS pensionable and the companies profit meets current guidance we would be looking at close to 20% on 2017 earnings. Giving up pensionability of the profit sharing would be a huge giveback.