Kalitta Pilots CBA update
#81
Gets Weekends Off
Joined APC: Apr 2016
Posts: 830
#82
Line Holder
Joined APC: Feb 2018
Posts: 67
It’s total comp. Which is mostly realized in the increase in the 401k. Take home paycheck isn’t gonna change much, about $4500 more per year vs the current contract or about $15,000 over 3 years. The remainder of the $71,000 about $18k per year ($56k over three years) will be deposited into your retirement.
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#83
our MEC has the duty to do that
not an easy decision for a whole host of reasons that will be talked about
we however support their decision to bring the full deal to the group
Last edited by Lockheed; 01-11-2021 at 05:08 PM.
#84
Gets Weekends Off
Joined APC: Apr 2016
Posts: 830
It’s total comp. Which is mostly realized in the increase in the 401k. Take home paycheck isn’t gonna change much, about $4500 more per year vs the current contract or about $15,000 over 3 years. The remainder of the $71,000 about $18k per year ($56k over three years) will be deposited into your retirement.
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#85
Gets Weekends Off
Joined APC: Mar 2012
Position: Gear Slinger
Posts: 708
#86
That said we can't concentrate on pay alone, unless there are some BIG changes in QOL and especially scheduling shenanigan's it will be a resounding NO from me and I think a lot of others.
#87
Gets Weekends Off
Joined APC: Jun 2014
Posts: 1,236
#88
So if I'm reading this right you'll still get the 5% match to $10,000. And you'll get the 7% eventually. So for a Captain making $300k that'd be $31k a year in retirement. That's still a big improvement. I wouldn't blame yall for voting no for more pay increases in addition to that...
#89
Gets Weekends Off
Joined APC: Aug 2007
Position: Always Fly With Favorite Captain
Posts: 376
Key question: Has the present $10K DC cap been removed or modified ? If the later, what has hard dollar cap been raised to ?
If I'm understanding the $290K income reference limit correctly, and my public school math is still good, any K4 pilot making $290K or greater would get a $17,400 DC contribution the first year of the contract, rising to $20,300 2 years later under a no cap scenario. That would be good improvement over the current, 5%/$10K cap "pay to play" system if the preceding sentence is true.
If I'm understanding the $290K income reference limit correctly, and my public school math is still good, any K4 pilot making $290K or greater would get a $17,400 DC contribution the first year of the contract, rising to $20,300 2 years later under a no cap scenario. That would be good improvement over the current, 5%/$10K cap "pay to play" system if the preceding sentence is true.
#90
Key question: Has the present $10K DC cap been removed or modified ? If the later, what has hard dollar cap been raised to ?
If I'm understanding the $290K income reference limit correctly, and my public school math is still good, any K4 pilot making $290K or greater would get a $17,400 DC contribution the first year of the contract, rising to $20,300 2 years later under a no cap scenario. That would be good improvement over the current, 5%/$10K cap "pay to play" system if the preceding sentence is true.
If I'm understanding the $290K income reference limit correctly, and my public school math is still good, any K4 pilot making $290K or greater would get a $17,400 DC contribution the first year of the contract, rising to $20,300 2 years later under a no cap scenario. That would be good improvement over the current, 5%/$10K cap "pay to play" system if the preceding sentence is true.
only IRS maximum caps
$290k 2020
$295k 2021
$300k 2022
$305k 2023
etc...
might have those numbers 1 yr off..cant remember
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Lbell911
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04-22-2012 10:33 AM