End of 2019 salary survey - Page 30 - Airline Pilot Central Forums

#291

nuball5 , 01-03-2020 07:07 PM

Gets Weekends Off

Quote:

Originally Posted by Noworkallplay

Well everyone else is adding in the value of retirement plans to their compensation. I did the same with our pension. This is what you would have to have in a DC PLAN to fund the 130k annually after 25 years of service. Seems simple to me much like a DC plan

I cringe a little bit even when others post their DC 401k dollar amount, like they can withdraw the cash with no penalty tomorrow. Like you said, if everyone is including the value of their retirement plan to their compensation, then pensions should be fair game too. Not like there are set rules or anything.

#292

Noworkallplay , 01-03-2020 07:08 PM

Banned

Quote:

Originally Posted by Omniscient

Yeah, doesn’t it make sense to add outside pension money to the airline salary game? Makes for a larger number, so might as well add it

All about that final number.

Ok, I’ll let you guys continue the sausage measuring contest. I’ll leave you to it

So it’s ok for everyone to add the value of a DC plan but FedEx and UPS can’t add value of pension. Well we have both unlike the rest of the group so you bet it’s got millions in value. Do the math on what you need in a DC only plan to pull 130k a year. Then calculate what you have to save over 25 years to get the money. The pension has value which is why it went bye bye for legacies in bankruptcy. It most definitely is compensation. In fact the IRS calls it deferred compensation.

#293

Noworkallplay , 01-03-2020 07:15 PM

Banned

Quote:

Originally Posted by nuball5

I agree with you and this is why I broke it all out individually so you can see what is W2 and what is DC and what is pension. All part of the total compensation. If it’s not compensation then why doesn’t management at DL, UA, AA, ETC just give the pilots a pension back.

#294

hubbs , 01-03-2020 07:24 PM

Gets Weekends Off

Quote:

Originally Posted by EIR10

OY 1yr FO
Block 380
$117k Flight pay
$10.5k Per Diem
$10k 401k

Do you mean $10k company contribution to the 401k? Or total between you and them?

#295

FedEx Pilot , 01-03-2020 07:25 PM

Gets Weekends Off

Quote:

Originally Posted by Noworkallplay

Spot on. I’ve seen the DL guys throwing in their profit sharing and others their contractual signing bonuses, airline pension should definitely be counted.

#296

hubbs , 01-03-2020 07:31 PM

Gets Weekends Off

Quote:

Originally Posted by Cujo665

2nd year mid seniority Omni FO
4 months @ 1st year $117ph; 8 months @ 2nd year $124ph
Year 2 of 4 year CBA
New Hire FO effective 4-2020; $124 ph; 12 year CA, $297 in yr 4

$91,459 base flight pay
$20,222 Overtime & Incentives
$6,911 Per Diem
$3,535 Vacation Payout
$10,000 Company 401k match
_________________
$134,767 Total Gross

Block 340 Hrs
Averaged 12 hard days off each month, depended on OT.
Yes, lots of time on short & long call all over the world, and at home.
No crashpads ever, Hotels always provided once leaving home, pilot keeps the points.
Positive space travel to-from work, pilot keeps the miles.

We have no Profit Sharing or Direct Contribution

How did you get $10k company match on $115k income? They should only have given you like $5700.

#297

goinaround , 01-03-2020 07:49 PM

Gets Weekends Off

Quote:

Originally Posted by hubbs

How did you get $10k company match on $115k income? They should only have given you like $5700.

you are taking 5% of compensation. It's an employee match. You put 20K into your 401...the company puts in 10k. We have the same very sub-standard retirement at K4. Matching the industry standard in contract 2020 is high priority.

#298

Aero1900 , 01-03-2020 08:07 PM

Gets Weekends Off

I believe that the DC fund values are very valuable. Just because past performance is no guarantee of future results doesn't mean it's not valuable information.

I actually consider my 401k contributions to be just as valuable or more valuable than my pay. The whole goal here is to accumulate as much wealth as possible so that you can retire comfortably.

#299

propilot , 01-03-2020 08:25 PM

Gets Weekends Off

FDX 6/7 year 757 Capt
302 block
87 landings
99 days on the road
Mid $300s all inclusive.

#300

ALT SEL ooops , 01-04-2020 01:01 AM

On Reserve

6 year B6 CA
E190
356,000 compensation YTD.
401K maxed out with 15% contribution

Total: somewhere in the low 400’s

475 block flown.

Yes I play the game.