jetBlue Hiring
#5822
What’s it doing now?
Joined APC: Mar 2011
Position: 190CA
Posts: 726
If you put in 5% they match that with another 5%.
Separate from that there is a 5% "retirement plus" they put in quarterly on their own which is technically profit sharing according to the language. Which means if they don't turn a profit they technically don't have to pay it.
They also do a 3% "retirement advantage" which they put in on their own monthly.
So if you put in 5% they put in 13%.
If you put in nothing they put in 8%.
I'll edit this later if I see something wrong.
#5823
Line Holder
Joined APC: Jul 2013
Posts: 25
Sure Ill take a stab.
If you put in 5% they match that with another 5%.
Separate from that there is a 5% "retirement plus" they put in quarterly on their own which is technically profit sharing according to the language. Which means if they don't turn a profit they technically don't have to pay it.
They also do a 3% "retirement advantage" which they put in on their own monthly.
So if you put in 5% they put in 13%.
If you put in nothing they put in 8%.
I'll edit this later if I see something wrong.
If you put in 5% they match that with another 5%.
Separate from that there is a 5% "retirement plus" they put in quarterly on their own which is technically profit sharing according to the language. Which means if they don't turn a profit they technically don't have to pay it.
They also do a 3% "retirement advantage" which they put in on their own monthly.
So if you put in 5% they put in 13%.
If you put in nothing they put in 8%.
I'll edit this later if I see something wrong.
100% Match up to 5%
Retirement Plus (5% of eligible earnings paid quarterly)
Retirement Advantage (3% of eligible earnings paid monthly)
Profit Sharing (basically company's discretion; no profit, nothing to share. Has been ~3% the last few years, but recently got quite a bit more.)
#5824
Gets Weekends Off
Joined APC: Dec 2008
Position: Left,Right, Left, Right,Right,Left, Right, Left
Posts: 3,150
I think you're confusing the Retirement Plus with Profit Sharing.
100% Match up to 5%
Retirement Plus (5% of eligible earnings paid quarterly)
Retirement Advantage (3% of eligible earnings paid monthly)
Profit Sharing (basically company's discretion; no profit, nothing to share. Has been ~3% the last few years, but recently got quite a bit more.)
100% Match up to 5%
Retirement Plus (5% of eligible earnings paid quarterly)
Retirement Advantage (3% of eligible earnings paid monthly)
Profit Sharing (basically company's discretion; no profit, nothing to share. Has been ~3% the last few years, but recently got quite a bit more.)
100% match 5%
3% Retirement plus advantage... whatever you wanna call it.
5% Profit sharing "guarantee" hence the cliff. aka 5% retirement.
so say the company gives out 7% profit share in the spring for this year. you'd see 2% because you already got 5%.
clear as mud?
it's that way on purpose.
#5825
What’s it doing now?
Joined APC: Mar 2011
Position: 190CA
Posts: 726
Nope nope nope. Profit sharing in the spring(usually) is calculated by taking 15% of the company's profit. If that number exceeds the 5% of every employee's income that they put away as "retirement plus" then they pay out the extra as profit sharing.
Again, for 401k, they put in 8% whether you do anything or not. They will also match what you put in up to 5%.
The issue I was talking about is that they could technically not pay the "retirement plus" if they had a bad year because of how the language is written. They like to claim they would never do that, but then why have it written that way?
Again, for 401k, they put in 8% whether you do anything or not. They will also match what you put in up to 5%.
The issue I was talking about is that they could technically not pay the "retirement plus" if they had a bad year because of how the language is written. They like to claim they would never do that, but then why have it written that way?
#5827
What’s it doing now?
Joined APC: Mar 2011
Position: 190CA
Posts: 726
Barry I'm not trying to be negative or anything. And in truth, the numbers are fine with me. I would just like the language cleaned up where that benefit is not tied to profit. Just a cost of doing business. So that when we're working hard trying to make this place profitable, our theoretical 65 year old self isn't losing out too.
For example what if they said you get 100 hours of PTO every year, but if we don't turn a profit we can take 50 away?
For example what if they said you get 100 hours of PTO every year, but if we don't turn a profit we can take 50 away?
#5829
Line Holder
Joined APC: Oct 2015
Posts: 66
Anyone recently went through new hiring training? What was the training schedule? How long was ground school and was it mon-fri. How many ftds and sims and are they scheduled right after ground school? I know this has been discussed and can't find it in the 1000s of posts. Thanks.
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