Globemaster2827

It's not a 401K controlled by me so I don't want it. Given the history of the Teamsters do you really trust them more than yourself to manage your retirement?

millscd63

Exactly! Why in the world would you rather turn your retirement over to someone else when it can be in an account with your name on it? Hopefully the pilot group is smarter than that.

JerrySpringer

Class of 4, 3 showed. There's a spot for you.

captainv

Me. Came from a regional that offered the same stellar retirement plan that Atlas does, the same pathetic 401k match, but all things considered, so far, so good.

AQPABC

Congrats! In training now. They said they hired something like 18 out of 20 interviewees this last round up in NY.

AQPABC

Actually the 4th showed up, he just left on day 3 after he got the letter from Delta.

ATCsaidDoWhat

Given you comment, you have no understanding of the retirement plans or of how they are managed. Just as you compare the Teamsters now to the old era and what has happened post DoJ.

If you did, you'd understand how locked down they are on finances and how they have no attachment or access to the retirement plans. In other words, they have no plans to run. Members can vote to join outside, independently run, professionally managed plans. Or you can vote to have a 401 (k). You vote, you decide.

401(k)'s are great until the market hiccups or collapses. A defined plan takes the money, invests it and then when you retire, takes it and buys an annuity in your name and controlled by you that pays a nice dividend monthly, never touching your principal.

Further, given the vesting schedule, it allows you to retire earlier, if you choose, with a full retirement.

A 401 (k) is a nice add on, but not something I'd bet my long term retirement on.

egpilot13

Any idea on when the new class date will be set for? How many?
Thanks

Cousteau135

How about one more voice in this retirement debate. IMHO I would rather have double digit deposit into my 401K every two weeks as long as it isn't a match. Let me put it in the funds or brokerage of my choice and let it ride. It takes sacrifice on your part to fully fund said 401K, but its portability really appeals to me.

As for pensions, I get that they aren't all created equal and I don't want to debate specific plans and whether its solvent or not. This is what I don't like about them... If the power brokers in DC are willing to reduce the earned retirements of military vets for short term budgetary gains as they were last year, and then only yielded after significant lobbying efforts... who's to say they wouldn't be willing to slip something into a bill to "help" those organizations who manage other pensions... even union pensions. Call me cynical, but if I can't trust Uncle Sugar to live up to his blood debt to vets, why should I trust any union or company CEO to honor their commitments when times get tough and they need to balance their books?

Just my 2¢

flyinturbo

Interviewed on Oct 7th, tossed into the pool on the 16th and got the call this morning for a Jan 5th class date on the 767.

Thanks to all that took the time to submit info here. Best thread ever!

See some of ya online.