View Single Post
Old 05-20-2008 | 01:07 PM
  #14  
LuvJockey's Avatar
LuvJockey
Don't want to participate
 
Joined: Jul 2005
Posts: 1,016
Likes: 0
From: 737 Left Seat
Default

I can tell you that SWA pilots generally do not want pensions, as they are vulnerable in the event of bankruptcy. 401(k)s and profit sharing accounts are your own money, not subject to creditors.

Negotiations are underway. We are probably negotiating for higher 401k matches, but as a captain, you are already maxing out a 401k at 7.3%. A Roth 401k may also be a possibility.
Reply