Originally Posted by
IAHB756
Of that 15,250.00 that the hypothetical 5th year SWA FO earns in a reserve month on a 737, how much is matched and placed in his/her B fund?
In 2018, it's 14.2%. In 2019, it's at 15%.
Now, our ProfitSharing plan is actually a qualified retirement account. This enables our more junior pilots to max out their retirement account sooner. I managed to do it last year as a 1-2 year FO who hustled.
I grossed 170k last year. The company put in $24k into my B-fund. I maxed out my personal 401k contribution at 18k. That put me at 42k retirement contribution prior to PS being announced. The PS was 11.37% so in my case, I got $19k in PS, but since IRS 415c limits last year were $54,000 if under 50, I maxed it out my retirement contribution and had an excess of a little over 7k which I took as cash.
Our B-plan/NEC rate was 13.4% last year.
How much should that pilot plan to spend on parking in his/her own domicile? How much of that domestic per diem will be used during a duty day to purchase fast food in the terminal between flights?
Not trying to disparage anyone flying for SW and I’m not up to date on the new contract in affect (and have never understood why flight hours are still being converted into TFP just to add unnecessary complexity) but just wanted to ask a few questions so those with the ability to make a choice have all the information.
For those with valor license plates, the parking, at least in my domicile is free right at the terminal. Guys using Spot usually pay a little under $5/day after discount, Dallas crews don't pay anything, not sure about other bases.
As for food, we do get international per diem if we fly an international leg, and they actually feed us on those if they're turns. Interestingly, suppose you do an international turn and then press on for 3 more days domestic, you're still getting international per diem the whole trip which is $2.80. Otherwise, it's $2.30. You're right though... we do spend money in terminals. Some guys bring food from home... Are you guys generally happy with your crew meal selection?