Climbto450

Wow JB management is doing a great job. Divide and conquer is working to a tee. Until we can stand together we will never move forward. Ronald Reagan said "if we can see agree on seven out of ten issues we can work together". We aren't all going to see eye to eye as we all have different positions and experiences in life but most of want to stand united (via a CBA) against our low pay/benefits situation. We need a CBA to move forward in this situation.

Bluedriver

HOLY F_IING S!!!!H!!!I!!!T. Did you just quote Reagan and demand a union CBA in the same post????????

Pull your head out of your ###.

Kellwolf

Wow. Because I'm new, I get looked down on. Thanks. Great, they changed the name. Did it change the numbers? Profit sharing is NOT the same as retirement. Just because they change the name doesn't magically make it so.

If you say it sucks, why do you keep defending it so much? How was what I said wrong? 5% of your money, 5% of company match and 3% company toss in = 13%. 13 minus 5 (your money) is 8%. Company contributes 8%, NOT 13%. Retirement advantage is profit sharing, not retirement. Sure they changed the name in a (obviously working) marketing move.

airbaker

Guys, you're making this harder than it is.

For those of us that have actually benefited from a real B-fund, there's NO comparision. Think of it this way...at UAL for example, they receive an additional 16% contribution (every 2 weeks) into their retirement fund. They didn't have to take out 5% of their check to get a match and bring it up to 16% -- they just received a "pure" contribution. At JetBlue we have to reduce our take home pay in order to receive the match. What if you could take that 5% you're taking out now and put it towards additional principal payments towards your mortgage? Your house would be paid off in 15 years instead of 30! That's the real difference.

I'm not saying it isn't smart money to be saving on your own for retirement; in fact when I used to receive benefits of a B-fund I still participated in a self funded IRA. But to say that JetBlue's retirement is on par with our peers (or "close enough") shows complete naivety to what your skill set is capable of earning.

Justdoinmyjob

They never claimed to be anything but a LCC offering cut rate pricing. Quite different than what JBU is offering. Besides, it's a different ballgame since 9-11. In case you haven't noticed, the business has been constantly evolving since deregulation. Doesn't matter anyway, it's a moot argument once the inevitable merger swallows you guys up.

kingairip

Actually, that's quite appropriate. Reagan was the only president who was a union member.

Now...back to your regularly scheduled JB union vs non-union bickering!

Lobaeux

Not only a member, but the President of the Screen Actors Guild.

Kellwolf

So, let me see if I've got this now. We used to have "profit sharing," but now it's called "retirement plus." It's essentially the same thing, just re-branded. So, our "retirement" is now at 13%, but we get no profit sharing unless we go over the threshold (try not to spend your $20 all in one place in that case). So, in the end, we've got the same thing we had last year: 13% if you count retirement + profit sharing. Now it's just 13% retirement and very little (if any) profit sharing.

If I'm misreading this, someone help the new guy out.....

Bluedriver

How is "retirement advantage" profit sharing?

I am clearly NOT defending our profit sharing plan. Can you read?

Bluedriver

Yes, this is correct.

Hence I said our profit sharing (we don't really have any) sucks.