Originally Posted by
PhoenixII
First of all, congrats on the new contract.
2. I understand new FOs in current hiring cycle can expect ANC-- is this true?
4. Does anyone know if the pension is "fully funded". I hear there is a big difference between a fully funded pension and one that is not. What does A/B 1%/12% mean? Not familiar with pensions, could someone explain?
5. This may sound stupid (if I haven't already sounded so) but it seems that FedEx/UPS pilots stay in really nice hotels (okay, compared to SWA-- most layovers, not all, aren't that great).
Happy to have this "Problem"
I think ANC is full up for a while. They are going to need FE's everywhere else as our herpes engineers retire with their new wealth
In short, an A plan is a typical traditional pension. Figure on 1% of what you make at retirement times the number of years that you have been there. That really is a simple explanation and there is more to it than that, but if you retire with 250,000 and have been there 30 years, you will make 2500*30=$75,000. On top of that, all pay up to the government limit (225,000 now) will get a 12% contribution from the company towards your B plan. This is a cash plan, your money right away in an account like a 401k
We are fully funded and our A plan will now be in the same account as the managers, which should give us some security against money business.
Internationally we stay in very nice hotels, domesticlly they are sort of so so, but generally good enough
what is your other choice that you are looking at?