Latest company negotiations update
11-08-2014 | 03:02 PM
#121
Ok, No more sleeping Dog
Joined: Feb 2007
Posts: 889
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From: MD-11, F/O
11-08-2014 | 03:30 PM
#122
Gets Weekends Off
Joined: Nov 2006
Posts: 8,047
Likes: 0
From: 767 FO
It is taxed at your normal rate, it can however grow tax deferred with a back door Roth. And if you are over 25 years at the company it would be Better than the nothing you currently get. Again I do not like the company plan but 1) it cost nothing to listen; and 2) no reason to let misinformation about it go uncorrected.
11-08-2014 | 03:40 PM
#123
Proponent of Hysteria
Joined: Mar 2005
Posts: 1,052
Likes: 0
From: 3B
It is taxed at your normal rate, it can however grow tax deferred with a back door Roth. And if you are over 25 years at the company it would be Better than the nothing you currently get. Again I do not like the company plan but 1) it cost nothing to listen; and 2) no reason to let misinformation about it go uncorrected.
11-08-2014 | 03:40 PM
#124
Gets Weekends Off
Joined: Apr 2008
Posts: 100
Likes: 0
From: 11 Left Side
Just quickly looking at numbers based on a guy who is not going to get 25 yrs with the company, is not going to be a wide body capt, (unless he wants to have zero quality of life), basically does wide body FO his whole career...the 16.5% is significantly less than the current ( high 5x 2%x years service)...I'm bad at public math though
I'm not worried btw about new hires after the signing date of this contract having only th 401k option. If they don't like it, they won't come here. They will have that option, but I don't think giving up the A plan is any more of an option than PIBS.
I'm not worried btw about new hires after the signing date of this contract having only th 401k option. If they don't like it, they won't come here. They will have that option, but I don't think giving up the A plan is any more of an option than PIBS.
11-08-2014 | 03:56 PM
#125
Gets Weekends Off
Joined: Nov 2006
Posts: 8,047
Likes: 0
From: 767 FO
Very true, same could be said for a pension that pays 10 times the poverty rate. You may wish you had taken the cash and bought gold or land with the Bible thumping gun nuts in Alaska if Alpapac gets its way in 2016.
11-08-2014 | 04:05 PM
#126
Gets Weekends Off
Joined: Aug 2006
Posts: 538
Likes: 0
From: B777 FO FDX, C130 ANG
There's no reason to work at FedEx over Delta/United/American without an APlan... in My Opinion or course. That's the only real reason I came here after 9/11... flying at night is worth an exponential amount more vs the same pay and retirement that those guys get...
11-08-2014 | 04:42 PM
#127
Gets Weekends Off
Joined: Jul 2007
Posts: 3,203
Likes: 0
From: Gear Monkey
We already get 7% B ...and the A fund
Thus, they are offering you 9.5% for your A fund
Redonkulous!!
It's overwhelmingly concessionary!
11-08-2014 | 06:09 PM
#128
Gets Weekends Off
Joined: Aug 2005
Posts: 980
Likes: 0
From: Retired
Hmm? How did the original B plan work out for American pilots long term?
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