Airline Pilot Central Forums - Home Based / Non Domicile

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Quote:

Originally Posted by Riverside (Post 2919277)

Was DC in the last contract at JetBlue and Spirit?

Quote:

Originally Posted by Omniscient (Post 2919332)

I can speak to Spirit.

11% at DOS, increases 1% every year to 15%, so we are at 12% now and will be at 13% in March. Excess contributions over the IRS limit are paid back to the pilot.

I believe JetBlue is at 15% now and gets a bump in a few to 16%

Correct. JB 16% in 2021.

K4 retirement definitely does suck. I think alot of folks like me in un-commutable locations are holding the cards to see if a better retirement materializes before trying to move. That would make this gig close to ideal for many people.

Quote:

Originally Posted by Omniscient (Post 2919332)

Not what I was asking. How about I try again. Previous contract as in the one before.

Quote:

Originally Posted by goinaround (Post 2919425)

Just like Spirit and JetBlue, this is something I believe will be addressed in the upcoming contract.

Quote:

Originally Posted by PotatoChip (Post 2919343)

Correct. JB 16% in 2021.

since you're new to JetBlue what was the 401k contribution in the previous contract.

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Originally Posted by Riverside (Post 2919455)

since you're new to JetBlue what was the 401k contribution in the previous contract.

There wasn’t a previous contract.

Quote:

Originally Posted by PotatoChip (Post 2919541)

There wasn’t a previous contract.

If you put in 5% they added 13%

Quote:

Originally Posted by SaintNick (Post 2919553)

If you put in 5% they added 13%

Yeah... I was being sardonic.
Don’t know why he would ask me that.
It’s been discussed ad nauseum in the JB threads by the usual suspects.

Quote:

Originally Posted by PotatoChip (Post 2919569)

Yeah... I was being sardonic.
Don’t know why he would ask me that.
It’s been discussed ad nauseum in the JB threads by the usual suspects.

Is this a JetBlue thread? We're comparing contracts between home base and non domicile right? If K4 somehow gets their DC in their next contract be a game changer right?

Quote:

Originally Posted by Riverside (Post 2919621)

Is this a JetBlue thread? We're comparing contracts between home base and non domicile right? If K4 somehow gets their DC in their next contract be a game changer right?

Forgive me for not entirely getting your point.

No, I don’t think it will be a game changer. I think it will be a really nice addition to their contract. I don’t think a large percentage of pilots honestly pay enough attention to retirement when making career decisions. I believe it has more to do with retention and CBA priorities than attracting new applicants.

I don’t believe that JB had a huge influx of apps solely because the DC, but sure is nice and was a large factor for me personally.

I’ve done the home based thing at two separate places. It has its benefits for sure, and for some people may be what works best for them, especially those living in Bumfart, US. However, there isn’t as much flexibility in scheduling with such jobs, and for me, living in/moving to a domicile far exceeds the benefits of home basing. If K4 had the same retirement and an equivalent pay scale to JB, I’d still take my 2-3 hour drive to domicile at JB over homebasing and 14+ day trips traversing all the time zones.

YMMV.