Originally Posted by
marcal
I believe the FedEx pilot pension is capped at a max of $120K/yr. while nice today, over time with inflation it will be worth much less.
130k
Originally Posted by
Ar Pilot
That’s why they also get 8% DC on top of their pension
9% starting this January I believe.
Originally Posted by
m3113n1a1
I'd still prefer 16% (really should be 20) DC and no pension.
Your average FedEx pilot would earn higher wages earlier in their career to max out their B fund/401k contribution max at the 9% rate, leaving it basically the same as the 16% Delta B fund contributions, annually. With no cash over cap provision, Delta pilots keep their money today, FedEx pilots get the 130k every year in retirement, and even more if deferred.