Pay
#11
#12
Gets Weekends Off
Joined APC: Feb 2013
Posts: 218
I just wanted to reiterate this concept.
#13
Found this from the union...
Q: How does the company match work?
A: The company will match 200% up to your first 5% contribution per pay period. This
is a match as opposed to a direct contribution, so you must contribute to get the company money. If you put in 5%, they put in 10%. If you put in 3%, they will put in 6%. If you put in 15%, they will put in 10%. If you don't contribute, the company will not contribute to your plan. If there is a pay period that you drop below 5% contribution, you must increase later contributions to average 5% in order to receive the full company contributions for the year. That is why it is very important to contribute at least 5% each pay period (4.C.2). Contact your Teamsters Benefits Committee for more info.
Q: Are there limits to the amount that can be contributed to a 401k?
A: There are three basic limits to consider. These limits are set by the IRS each year
and are subject to change. Limits for 2018 are:
1. Individual Contribution: This is limited to $18,500 ($24,500 for those over 50).
This includes both Pre-tax and Roth deferrals, but NOT After-tax.
2. Max Total Contribution: This is limited to $55,000 ($61,000 for those over 50).
This includes all sources, Pre-tax, Roth, After-tax, and company contributions.
3. Annual Compensation: This is limited to $275,000. This is the max income
amount, limited by the IRS, that the company can consider when contributing to your 401k. Our current matching formula allows for a max company contribution of 10% (200% of 5%). Thus, the max amount the company can legally contribute is $27,500 for 2018. Any income made above $275,000 will not be matched. Note this limit applies only to the company match, not your personal deferral. You can still defer your own money when above $275,000.
Q: How does the company match work?
A: The company will match 200% up to your first 5% contribution per pay period. This
is a match as opposed to a direct contribution, so you must contribute to get the company money. If you put in 5%, they put in 10%. If you put in 3%, they will put in 6%. If you put in 15%, they will put in 10%. If you don't contribute, the company will not contribute to your plan. If there is a pay period that you drop below 5% contribution, you must increase later contributions to average 5% in order to receive the full company contributions for the year. That is why it is very important to contribute at least 5% each pay period (4.C.2). Contact your Teamsters Benefits Committee for more info.
Q: Are there limits to the amount that can be contributed to a 401k?
A: There are three basic limits to consider. These limits are set by the IRS each year
and are subject to change. Limits for 2018 are:
1. Individual Contribution: This is limited to $18,500 ($24,500 for those over 50).
This includes both Pre-tax and Roth deferrals, but NOT After-tax.
2. Max Total Contribution: This is limited to $55,000 ($61,000 for those over 50).
This includes all sources, Pre-tax, Roth, After-tax, and company contributions.
3. Annual Compensation: This is limited to $275,000. This is the max income
amount, limited by the IRS, that the company can consider when contributing to your 401k. Our current matching formula allows for a max company contribution of 10% (200% of 5%). Thus, the max amount the company can legally contribute is $27,500 for 2018. Any income made above $275,000 will not be matched. Note this limit applies only to the company match, not your personal deferral. You can still defer your own money when above $275,000.
#14
Gets Weekends Off
Joined APC: Jun 2015
Position: A-320
Posts: 680
I agree the contract has a lot of holes but QOL really varies from base to base. The time I was in a small base bidding a junior reserve schedule, I was called 3 days a month on average, even throughout the busy summer (I get worked pretty hard now in a big base). I was able to grab a couple pickups and credit 85 while only throwing on a uniform 4-5 days a month being junior. Easiest money I’ve ever made. YMMV
#15
Line Holder
Thread Starter
Joined APC: Oct 2017
Posts: 51
Thanks all for the replies. I’m trying to gauge whether the move is good or not. I’m not at a regional, 91/135 and will probably make 150-160k next year with a really good 401k match. I turn 53 in April. I get that you have to live in base. Not having airline experience, I see what the posted rates are but I know that “credit mining” may or may not alter significantly income for any airline. If all you can get are the mins, then yes it sounds abysmal. Thanks for the explanation on the 401k. I assume a direct contribution is being pushed hard under the next contract. I’ve never done 121 and would like to end my career doing something fun and different!
#16
Gets Weekends Off
Joined APC: May 2016
Position: AB
Posts: 292
Maybe I'm naive, but how does this contact favor the senior? I will 1000% agree that our work rules are horrendous and our reserve pilots get f-d over often, but I don't think the contact favors the senior. If definitely favors line holders, but not specifically the senior in my view. Feel free to explain where I'm mistaken.
#17
On Reserve
Joined APC: Jul 2018
Posts: 17
Senior guys get the vfns summer vacations better more efficient trips no involuntary tdys. Not complaining. That’s just how it is. Seniority is everything at any airline. Just have to wait your turn. We just have smaller bases and not much movement til recently. When you’re at the bottom of a list of 18 people at your base and it’s stagnant there’s not much ya can do but wait.
#18
Banned
Joined APC: Dec 2019
Posts: 193
#19
Banned
Joined APC: Dec 2019
Posts: 193
Maybe I'm naive, but how does this contact favor the senior? I will 1000% agree that our work rules are horrendous and our reserve pilots get f-d over often, but I don't think the contact favors the senior. If definitely favors line holders, but not specifically the senior in my view. Feel free to explain where I'm mistaken.
TDY - based on seniority
Trip Construction - long 2 leg for the senior vs low credit 4 leg for the junior
Reserve - self explanatory. Ride a "larry limo" more than an airplane, no work rules, 10 min callback = no show trap
SAP Eligibility - only pure line holders get to participate. Senior pad their schedule.
Days Off - 11/12 on a reserve month, reserve shifts even when theres no flying in your base. Most line holders get 15+ days off a month
Vacation - Pure seniority. January and September vacation unless you've got a double digit seniority number. Most airlines democratize this so everyone has a fair chance of favorable months.
#20
Line Holder
Joined APC: Jan 2017
Posts: 99
VFN - based on seniority
TDY - based on seniority
Trip Construction - long 2 leg for the senior vs low credit 4 leg for the junior
Reserve - self explanatory. Ride a "larry limo" more than an airplane, no work rules, 10 min callback = no show trap
SAP Eligibility - only pure line holders get to participate. Senior pad their schedule.
Days Off - 11/12 on a reserve month, reserve shifts even when theres no flying in your base. Most line holders get 15+ days off a month
Vacation - Pure seniority. January and September vacation unless you've got a double digit seniority number. Most airlines democratize this so everyone has a fair chance of favorable months.
TDY - based on seniority
Trip Construction - long 2 leg for the senior vs low credit 4 leg for the junior
Reserve - self explanatory. Ride a "larry limo" more than an airplane, no work rules, 10 min callback = no show trap
SAP Eligibility - only pure line holders get to participate. Senior pad their schedule.
Days Off - 11/12 on a reserve month, reserve shifts even when theres no flying in your base. Most line holders get 15+ days off a month
Vacation - Pure seniority. January and September vacation unless you've got a double digit seniority number. Most airlines democratize this so everyone has a fair chance of favorable months.
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