Originally Posted by
SmitteyB
Why are you giving the company credit for our 5%?
Correct me if I'm wrong....
Pre-CBA
Pilot contribution was 5% (to get the match).
Pilot TOTAL = 5%
Company match of 5% + RetirementPlus of 3%
Company TOTAL = 8%
GRAND TOTAL= 13%
If as a pilot you contributed 0% the company would only contribute 3%.
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Today we get a direct contribution of 15%. So, if you reduce your contribution to 0, the company now has to put in an additional 7% (8% in 2021), not 2% as you would like to believe.
Regardless of how much you contribute, your compensation package increased 7-8% just as a result of the direct contribution.
Yes, you are wrong. Retirement Plus was 5% and Retirement Advantage was 3%. So, assuming you contributed 5%, the company did, in fact, contribute 13%. If you didn’t contribute any, the company contributed 8%. Obviously, there are multiple ways to look at those numbers and draw conclusions. If someone used to contribute 5% and still contributes 5%, the company contribution only went up 2%.