View Poll Results: Who has the best retirement ?
UAL
14
4.08%
DAL
21
6.12%
AAL
8
2.33%
JetBlue
8
2.33%
Frontier
6
1.75%
Spirit
16
4.66%
Alaska
5
1.46%
Southwest
8
2.33%
FedEx
164
47.81%
UPS
93
27.11%
Voters: 343. You may not vote on this poll
POLL - "best" retirement - which major?
06-28-2021, 01:38 PM
#1
Gets Weekends Off
Thread Starter
Joined APC: Mar 2021
Posts: 1,082
POLL - "best" retirement - which major?
Possibly subjective to some degree, as what matters to one may be different than the other guy, but what non-regional major 121 ("major", not just "legacy/Big-3") has the best retirement system, and why?
I say "non regional" to mean, not RJ or turboprop operators etc.
Only Airbus/Boeing/McDonnell Douglas etc equipment.
Poll limit is only ten choices, I did not include Allegiant or Hawaiian Airlines
I say "non regional" to mean, not RJ or turboprop operators etc.
Only Airbus/Boeing/McDonnell Douglas etc equipment.
Poll limit is only ten choices, I did not include Allegiant or Hawaiian Airlines
06-28-2021, 02:10 PM
#4
Gets Weekends Off
Joined APC: Sep 2015
Position: UNA
Posts: 4,412
Yeah. FDX and UPS are probably the best.
AA, UA, DL, and Jetblue all have a 16% DC into a 401K
Alaska, Hawaiian, and Southwest are 15%
NK and F9 are 14% now upping to 15% next March.
so not that much variation outside the big 2 cargo carriers
AA, UA, DL, and Jetblue all have a 16% DC into a 401K
Alaska, Hawaiian, and Southwest are 15%
NK and F9 are 14% now upping to 15% next March.
so not that much variation outside the big 2 cargo carriers
06-28-2021, 03:43 PM
#7
Gets Weekends Off
Joined APC: Nov 2017
Posts: 2,099
Fedex defined benefit plan
2% of FAE up to 25 years of service with a 5 year vesting period. FAE = the average of the highest
five calendar years of compensation, up to $260,000 per year. Maximum pension is $130,000 per year.
FedEx defined contribution plan
9% of earnings plus 50% match up to the first $1,000.
2% of FAE up to 25 years of service with a 5 year vesting period. FAE = the average of the highest
five calendar years of compensation, up to $260,000 per year. Maximum pension is $130,000 per year.
FedEx defined contribution plan
9% of earnings plus 50% match up to the first $1,000.
06-28-2021, 03:54 PM
#8
Gets Weekends Off
Joined APC: Nov 2017
Posts: 2,099
Originally Posted by Meekrob
Fedex if you live long enough to enjoy it.
You can select your spouse as as a survivor with corresponding reduction of pension if you think you’ll die the day after retirement (for those with that theory).
06-28-2021, 04:21 PM
#9
Gets Weekends Off
Joined APC: Jan 2018
Posts: 114
Maybe my thinking is incorrect but for someone starting out I personally don’t think fedex has the best. I know it’s a pension but it hasn’t been raised in benefit since 1998 I believe and in all likelihood won’t ever be raised again. In 25 or more years that benefit is significantly reduced due to the value of the dollar. I know they bargained for a DC as well so that could change things but I never crunched those numbers.
Maybe I’m wrong in that thought?
Maybe I’m wrong in that thought?
06-28-2021, 04:36 PM
#10
Occasional box hauler
Joined APC: Jan 2018
Posts: 1,676
Originally Posted by Kebert Xela
Maybe my thinking is incorrect but for someone starting out I personally don’t think fedex has the best. I know it’s a pension but it hasn’t been raised in benefit since 1998 I believe and in all likelihood won’t ever be raised again. In 25 or more years that benefit is significantly reduced due to the value of the dollar. I know they bargained for a DC as well so that could change things but I never crunched those numbers.
Maybe I’m wrong in that thought?
Maybe I’m wrong in that thought?
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