Any "Latest & Greatest" about Endeavor?
12-28-2015, 10:18 AM
#1943
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Joined APC: Oct 2013
Posts: 288
Originally Posted by Mr Rumbold
Does Endeavor have a good retirement package, for those that choose not to go to Delta or can't go or whatever, and are regional lifers?
12-28-2015, 11:53 AM
#1944
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Joined APC: Dec 2013
Posts: 2,236
Originally Posted by CFin
We now have the same retirement package that Delta has.
12-28-2015, 12:00 PM
#1945
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Joined APC: Jul 2013
Posts: 10,067
Originally Posted by Nantonaku
This isn't true, has never been true and will never ever be true in any shape or form. What kind of benefits are you looking for? 401K matching was massively butchered in bankruptcy, I believe it maxes out at 50% of 10% (it use to be 125% of 12%).
12-28-2015, 12:44 PM
#1946
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Joined APC: Oct 2013
Posts: 288
Originally Posted by Nantonaku
This isn't true, has never been true and will never ever be true in any shape or form. What kind of benefits are you looking for? 401K matching was massively butchered in bankruptcy, I believe it maxes out at 50% of 10% (it use to be 125% of 12%).
12-28-2015, 01:55 PM
#1948
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Joined APC: Feb 2008
Position: FIRE ALPA
Posts: 3,082
Originally Posted by CFin
Have you not read through any of the information on our changed retirement benefits for 2016?
Say you are making 5000/month at 9E. You put the maximum to get the full match away. You have to put away $500/month of your own money first, then the company puts $250/ month in the pot.
At Delta you take that same 5000/month (I doubt even first year FO make this little there) You put away $0/month. DL puts in $700. All told to have the exact same amount of money in your 401K every month in this example you have to put away $50 of your money at Delta compared to $500 at Endeavor. As the salary increases it quickly hits a point that the Delta pilot puts nothing away and still gets more in the 401K.
12-28-2015, 02:46 PM
#1949
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Joined APC: Oct 2013
Posts: 288
Originally Posted by Avroman
Yes, we are being administered by the same investment company.. that is the change. What we get for retirement, as said is at best a 50% company matching of up to 10% of OUR salary put away in a 401K. If we don't put any of our own money in first, the company doesn't put anything in either. Delta retirement is, I believe, 14% company automatic contribution without you needing to put in a single Dollar of your own money. BIG difference there, even bigger when you compare the salaries that those matching dollars are based off of.
Say you are making 5000/month at 9E. You put the maximum to get the full match away. You have to put away $500/month of your own money first, then the company puts $250/ month in the pot.
At Delta you take that same 5000/month (I doubt even first year FO make this little there) You put away $0/month. DL puts in $700. All told to have the exact same amount of money in your 401K every month in this example you have to put away $50 of your money at Delta compared to $500 at Endeavor. As the salary increases it quickly hits a point that the Delta pilot puts nothing away and still gets more in the 401K.
Say you are making 5000/month at 9E. You put the maximum to get the full match away. You have to put away $500/month of your own money first, then the company puts $250/ month in the pot.
At Delta you take that same 5000/month (I doubt even first year FO make this little there) You put away $0/month. DL puts in $700. All told to have the exact same amount of money in your 401K every month in this example you have to put away $50 of your money at Delta compared to $500 at Endeavor. As the salary increases it quickly hits a point that the Delta pilot puts nothing away and still gets more in the 401K.
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