Cargo job/lifestyle questions
#11
Gets Weekends Off
Joined APC: Jun 2014
Posts: 1,236
What I get from the military in retirement is irrelevant. Which airline that I choose to work for had better have a damn good retirement program or my Apps will be up to date. ACMI carriers are losing younger candidates (military or not) primarily because of work rules and retirement. A rate may get me in the door but it certainly won't retain me when I can have the rate somewhere else plus an actual retirement with quality of life. Kalitta is ahead of Atlas but still woefully behind what it'd take to retain me....
Also, I'll throw this out there too. I factor $0 into my retirement planning from the military and I've got 21.5 years in. That's because - like any pension - it can be taken away from you at any time.
#12
Banned
Joined APC: Mar 2013
Posts: 384
So by this line of thinking, the $40k UPS pension should also be figured in as $0 as it too (and more likely than a mil retirement ) can be taken away at any time. How many airline guys lost their pensions as at some point? How many military?
#13
Gets Weekends Off
Joined APC: Nov 2016
Position: Old and Unemployed
Posts: 107
Retirement is better at brown or purple. But, if you are chucking $20k plus into a 401 for 10 years, with a $10k match, plus a low growth factor of around 4%, you got around $400k. And you get to factor in a waaayy shorter path to upgrade with the potential to crack $250 plus each year.
The big boys are good for young pilots. But, places like K4 make more sense for the 40+ crowd.
#14
Banned
Joined APC: Mar 2013
Posts: 384
The big problem with atlas and I would imagine Kallita too is senority at these carriers doesn’t help make the job easier as you get older. Constant shuffling of your pattern, days on offf, bouncing all over the world (multiple time zones) from day to day with these carriers, the job will be as hard day 1 as day 359 turning 65.
My point here: it’s all well and good that life at ATLAS is pretty poor right now and we sympathize with you, but when you try and dissuade someone from for a company, how about you stick to speaking for your own company and not a place you don’t work for.
When I first applied here I considered it a stepping stone (and a really good one) but since getting hired I have stopped updating my apps other places. It’s a great culture on the line and great people to fly with.
#16
Banned
Joined APC: Mar 2013
Posts: 384
#17
Line Holder
Joined APC: Oct 2015
Posts: 83
Still too long. And I did clarify in my original statement May be confusing with someone else.
Bottom line ALL ACMI carriers work rules are light years behind most other carriers.
#18
Banned
Joined APC: Mar 2013
Posts: 384
Okay. Let’s look at the math. UPS or FedEx, never gonna make captain with ten years to go. So...
Retirement is better at brown or purple. But, if you are chucking $20k plus into a 401 for 10 years, with a $10k match, plus a low growth factor of around 4%, you got around $400k. And you get to factor in a waaayy shorter path to upgrade with the potential to crack $250 plus each year.
The big boys are good for young pilots. But, places like K4 make more sense for the 40+ crowd.
Retirement is better at brown or purple. But, if you are chucking $20k plus into a 401 for 10 years, with a $10k match, plus a low growth factor of around 4%, you got around $400k. And you get to factor in a waaayy shorter path to upgrade with the potential to crack $250 plus each year.
The big boys are good for young pilots. But, places like K4 make more sense for the 40+ crowd.
I was was more focused on his assertion that his argument on brown’s retirement being better than K4s because of a pension and that a mil retirement was not worth figuring in was made less relevant by his statement that a pension could be taken away at any time.
#19
Banned
Joined APC: Mar 2013
Posts: 384
An my point was for you to stick to speaking for your own carrier and not ours as we seem to like it over here. But alas, I guess that part fell on deaf ears.
#20
Gets Weekends Off
Joined APC: Jun 2014
Posts: 1,236
Personally... I'd factor in the UPS pension as $0 into my retirement planning. I'd rather not eat dog food if something went wrong. I can easily see the military retirement being means tested as we move to a more redistributive society despite the past.
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