Originally Posted by
Brickfire
It’s worse than you think. It’s a match to your contribution. You put zero, you get zero.
Thanks .
So not going to a reputable airline means that one is basically leaving 30-40k on the table - per year! (Including the higher out of pocket medical costs)
I love my airline miles and Bonvoy points, but one starts to wonder…
Originally Posted by
BoilerUP
IMO a lack of retirement contribution is the single biggest issue with talent retention within Part 91 flight departments.
A select few operators I'm aware of have stepped up in the last few years and delivered double-digit percentage 401k contributions, but that's definitely the exception instead of the norm.
I can see your point with this.
Handing out ratings in a Part 91 revolving talent door ops must certainly be more expensive than a proper 401k contribution.
One can only hope that the trend continues and more operators are willing to step up their game.