Go Back  Airline Pilot Central Forums > Airline Pilot Forums > Fractional
Fractional retirement plans >

Fractional retirement plans

Notices
Fractional NetJets, FlexJet, etc

Fractional retirement plans

Old 02-06-2006, 07:23 AM
  #1  
Available for Contract
Thread Starter
 
Bengalsfan's Avatar
 
Joined APC: Mar 2005
Position: CL-601
Posts: 193
Default Fractional retirement plans

I realize a lot of people are going to comment about retirements and flying positions, but I'd just like to know what people think about the different plans, so if we could hold off on the "you'll never retire from a flying position" comments, that would be greatly appreciated.

That being said, how good are the retirement plans?

FlexJet has a 1% A plan... what would that be after a 20 year career there?

Flex also matches up to 6% on the 401k... is this an overall better plan than NetJets with their 401k match of 50c/$1, up to 15%?

And obviously Fight Options and Citation Shares don't even qualify to debate since they are both significantly worse than either of these 2 options.

I'm really interested in peoples opinions on this, especially what the Flex A plan potentially could be worth.

Thanks
Bengalsfan is offline  
Old 02-06-2006, 12:34 PM
  #2  
Available for Contract
Thread Starter
 
Bengalsfan's Avatar
 
Joined APC: Mar 2005
Position: CL-601
Posts: 193
Default

I got my answer off of the flight info message board, concerning flexjets 1%A plan

basically you would take 1% of your final years earnings x the amount of years you worked there.

so if you made $100,000 your final year x 30 years (1%)= $30,000 per year retirement fund.

They also have a 20% match employee stock purchase plan.
Bengalsfan is offline  
Old 02-06-2006, 02:03 PM
  #3  
Gets Weekends Off
 
Geronimo4497's Avatar
 
Joined APC: Nov 2005
Position: Formerly Avantair
Posts: 195
Default

That is if they don't steal your money away as you approach or are in early retirement. My plan is to salt my money away someplace where only I have control of it. Pensions are certainly heading the way of the dodo.
Geronimo4497 is offline  
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
SWAjet
Major
44
01-19-2006 12:21 AM
SkyHigh
Major
0
12-16-2005 05:28 AM
Freighter Captain
Cargo
0
07-13-2005 11:20 PM
RockBottom
Major
0
06-11-2005 09:34 AM
SWAjet
Major
0
06-07-2005 04:45 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