Originally Posted by
Gunfighter
Minor math correction.
Assuming $10,000 annually is contributed by 401k excess in equal monthly increments (it will actually be back loaded reducing accumulation), it takes 220 months (18+ years) at 5% projected rate of return to reach $300,000.
Thank you.
Seems the company and ALPA are negating min balance before pay…
Originally Posted by Nov1 update
- Section 3 (Compensation) - The parties continued to make progress on ancillary items in this section. Delta’s current proposal, even in light of recent pilot contract news from other airlines,would keep our commitment to have industry-leading pilot compensation in terms of pay, profit sharing and retirement.Over the last several passes, both parties have focused on ALPA’s many ancillary asks in this section to try to clear them out before making any additional proposals on pay rates.Accordingly, neither party has made a new pay rate proposalsince late September.