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Old 07-06-2016 | 01:10 AM
  #3501  
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Originally Posted by C6vette088
So if I contribute 5% and the company puts in 10% then that equals out to a total of 5%? I'm no math whiz but that doesn't look right to me...
You put in 5% and their match will be 10%. You put in 10% and their match is still 10%.

It's a 10% match regardless, and you only have to contribute as little as 5% to get the 10%
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Old 07-06-2016 | 03:58 AM
  #3502  
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Anyone have any info about the on-site interviews at the job fairs? Also, as someone who lives in PHX I am looking at the IWA base, is there any transparency as to what base you will be awarded or is it a total crap shoot?
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Old 07-06-2016 | 04:15 AM
  #3503  
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Originally Posted by tailendcharlie
Probably never gonna be commuter-friendly whether this T/A passes or not. Top couple pilots in the base/a/c/seat can maybe get a 4-on 4-off schedule (as long as that position is adequately staffed; not always the case) but a new- hire will take several years to be that senior. In the meantime it's highly not recommended.
anyone from Florida know how tough the commute is?
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Old 07-06-2016 | 04:58 AM
  #3504  
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Originally Posted by Barley
The TA 401k is not 10%. It's a 200% match up to 5% salary. I don't think a lot of you understand how that works. If you contribute 5% they'll match at 10% until you hit that 5% salary threshold. Then it's no more. It's a 5% 401k.
Barley is correct, guys. Regardless how the matching works, the maximum the company will put in is 5% of salary. Earn 100k, company will put in max 5,000. Earn 200k, company will put
in max 10,000. Earn 50k, company put in max 2.5k.

Overall, the retirement offer for your TA is pretty bad.
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Old 07-06-2016 | 05:01 AM
  #3505  
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Originally Posted by Jpilot2
anyone from Florida know how tough the commute is?
What about living a couple hours drive from a base? Is that a doable commute? Sanford would be the one I'm thinking of...
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Old 07-06-2016 | 05:27 AM
  #3506  
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Originally Posted by Mugatu
Barley is correct, guys. Regardless how the matching works, the maximum the company will put in is 5% of salary. Earn 100k, company will put in max 5,000. Earn 200k, company will put

in max 10,000. Earn 50k, company put in max 2.5k.



Overall, the retirement offer for your TA is pretty bad.


Umm, wow.

Either you failed second grade math and didn't bother to attend math for the rest of your academic life or you are purposely lying, for whatever reason.

I did want a 10% DC that forced the company to make a mandatory payment for those like you who are math challenged as I don't want to pay for the burden of your ineptness with excessive social welfare.
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Old 07-06-2016 | 05:43 AM
  #3507  
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when do you guys vote and when does the voting end?
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Old 07-06-2016 | 05:47 AM
  #3508  
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from the contract:
"With respect to each employee who elects to make employee elective deferral contributions, the Company will pay a matching contribution into the Pilot’s 401(k) account on a two hundred percent (200%) basis up to the first five percent (5%) of such employee’s pay."

The way I read this 401(k) is that they pay double what you put in up to your first 5%. so to make this easy:::

You Them
2% 4%
3% 6%
5% 10%
>5% still just 10%
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Old 07-06-2016 | 06:02 AM
  #3509  
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Originally Posted by dfwflyboy
when do you guys vote and when does the voting end?
Using Mugutu's and Barley's math, it starts on July 4th and ends on June 29th. For the rest of us it's July 13th to noon on the 28th.

If you didn't get the email, make sure your email address with the union is current as this is where the instructions will come.
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Old 07-06-2016 | 06:33 AM
  #3510  
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Originally Posted by Mugatu
Barley is correct, guys. Regardless how the matching works, the maximum the company will put in is 5% of salary. Earn 100k, company will put in max 5,000. Earn 200k, company will put
in max 10,000. Earn 50k, company put in max 2.5k.

Overall, the retirement offer for your TA is pretty bad.
Please do not vote either way on this contract...you are clearly not good at reading comprehension.
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