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Old 12-05-2010 | 07:06 PM
  #3290  
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satchip
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Joined: Apr 2007
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From: Flying the SEC
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Originally Posted by NuGuy
1) I expected to make six figures within 5 years

2) I expected my health care insurance cost to be zero

3) I expected to work weekends and holidays, but with that said, I had an expectation not to be molested at home on my days off without hiding behind (or paying for) extraneous telecommunication devices or services.

4) I expected some extra cash be put into my 401(k)

5) I expected a fully funded DB plan waiting for me at retirement

6) I expected that retirement to occur at age 60

7) I expected that the primary concern of the certificate holder, in whose employ I was in, to be the direct execution of air transportation, and not a shell corporation whose goal was to only act as a ticket clearing house.

8) I expected my union representation to represent the employment and employment conditions of my pilot group as it's primary concern, and not to feed the maw of another multi-million dollar corporation attempting to aid my employer with #6.

Now some of these conditions have been satisfied, and some have not, and some are in progress. I'll leave it up to the reader to figure out which is which. Any questions?

Nu
1. Yep, a fifth year guy can make well over six figures. I'm a third year guy and I could If I were a line holder. 2009 notwithstanding as everyone's W2 took a hit due to the slowdown.

2. In today's day and age that's a pipe dream. Heck I get Mil Ret health care and my costs aren't zero.

3. Emotional response.

4. 11% CONTRIBUTION is pretty darn good. Ask your civilian buddies what their 401k match is, much less contribution.

5. No question, that one sucks for you guys who were expecting that. From my perspective, however, I'm better off without it.

6. You can still retire at 60. The loss of the DB ironically affords you that opportunity.

7 & 8. More emotional responses. If #7 were such a big deal, you should have started your own business, not become an employee. #8 is just more of the usual hyperbole and invective that emanates from you.

I'd say you were doing ok by your own standards. I know I am.
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