Notices

Atlas Air Hiring

Old 12-09-2014, 06:53 PM
  #9921  
Gets Weekends Off
 
Joined APC: Jun 2014
Posts: 1,236
Default

Originally Posted by ATCsaidDoWhat
Tell us what you know about the IBT retirements...
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?
Globemaster2827 is offline  
Old 12-09-2014, 07:17 PM
  #9922  
On Reserve
 
Joined APC: Nov 2010
Posts: 13
Default

Originally Posted by 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?
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.
millscd63 is offline  
Old 12-09-2014, 08:21 PM
  #9923  
Gets Weekends Off
 
JerrySpringer's Avatar
 
Joined APC: Feb 2006
Position: 747RJ
Posts: 441
Default

Originally Posted by boiler07
So, about that hiring...
Class of 4, 3 showed. There's a spot for you.
JerrySpringer is offline  
Old 12-09-2014, 11:53 PM
  #9924  
Gets Weekends Off
 
captainv's Avatar
 
Joined APC: Nov 2008
Position: Knuckle-dragging line pilot
Posts: 943
Default

Originally Posted by ATCsaidDoWhat
What idiot will you hold responsible for the 401k?
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.
captainv is offline  
Old 12-10-2014, 02:22 AM
  #9925  
Line Holder
 
Joined APC: Sep 2014
Position: Inside your house
Posts: 28
Default

Originally Posted by DoomedTX
I interviewed last Wednesday and got the good news email this morning! I hope the other 11 are reading the same email right now!
Congrats! In training now. They said they hired something like 18 out of 20 interviewees this last round up in NY.
AQPABC is offline  
Old 12-10-2014, 02:24 AM
  #9926  
Line Holder
 
Joined APC: Sep 2014
Position: Inside your house
Posts: 28
Default

Originally Posted by JerrySpringer
Class of 4, 3 showed. There's a spot for you.
Actually the 4th showed up, he just left on day 3 after he got the letter from Delta.
AQPABC is offline  
Old 12-10-2014, 06:42 AM
  #9927  
Gets Weekends Off
 
Joined APC: Apr 2009
Position: What day is it?
Posts: 963
Default

Originally Posted by 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?
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.

Last edited by ATCsaidDoWhat; 12-10-2014 at 07:17 AM.
ATCsaidDoWhat is offline  
Old 12-10-2014, 09:00 AM
  #9928  
On Reserve
 
Joined APC: Apr 2014
Posts: 11
Default Class Date

Originally Posted by AQPABC
Actually the 4th showed up, he just left on day 3 after he got the letter from Delta.
Any idea on when the new class date will be set for? How many?
Thanks
egpilot13 is offline  
Old 12-10-2014, 09:42 AM
  #9929  
Line Holder
 
Cousteau135's Avatar
 
Joined APC: Sep 2010
Position: 747-400/8 CA
Posts: 46
Default

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
Cousteau135 is offline  
Old 12-10-2014, 11:03 AM
  #9930  
Line Holder
 
Joined APC: Mar 2007
Posts: 42
Default Got the call..

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.
flyinturbo is offline  
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
astropilot92571
Hiring News
6
05-15-2024 01:03 PM
AAL763
Atlas/Polar
112
12-10-2016 04:13 PM
ProceedOnCourse
Hiring News
23
08-16-2009 06:40 PM
cencal83406
Regional
17
02-03-2009 07:19 PM

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Thread Tools
Search this Thread
Your Privacy Choices