Originally Posted by
iPilot
If you don't contribute to a 401k, then irregardless of pay you're an idiot. Atlas pilots may be paid way under the going rate but its still well over the national median income. Its inexcusable to say you can't afford to contribute especially when the company is offering essentially free money as a contribution. Doesn't matter if its 1, 5, or 16% you're basically telling the company "no thanks" to a ton of tax free money.
No arguments for me other than the new guys who may be facing a credit card bill with 20% interest or the retirement contribution. Surprisingly though many who don't put in are off probation.
Still... Our retirement is woefully behind the free market value of our labor. Attrition reflects that.