Kudos to JetBlue's Pilot Voting Committee!
03-19-2013, 05:03 AM
#71
Gets Weekends Off
Joined APC: Dec 2010
Posts: 524
Originally Posted by Southerner
Does the company match the 5% you contribute? Would that make the overall retirement 18%? 13% company, 5% our own? Or is that 13% all in?
03-19-2013, 05:07 AM
#72
The REAL Bluedriver
Joined APC: Sep 2011
Position: Airbus Capt
Posts: 6,881
Originally Posted by CaptCoolHand
It's not that bad... but it's not "industry average". Nor is it peer competitive.
its 8... you get 8%. to get the 13% you have to take a 5%pay cut. others get ~15% without spending a dime.
Other than that, I agree!
its 8... you get 8%. to get the 13% you have to take a 5%pay cut. others get ~15% without spending a dime.
Other than that, I agree!
03-19-2013, 05:15 AM
#73
The REAL Bluedriver
Joined APC: Sep 2011
Position: Airbus Capt
Posts: 6,881
Originally Posted by Kellwolf
The 13% figure factors in a contribution of 5% on the pilots' part. Hence the 5% "pay cut." It's 5% of your paycheck deposited in your retirement instead of your bank account. So, the company's part is 8%, not 13%.
You put in 5%.
The company puts in 13%.
Total is 18% if the pilot puts in 5%.
We have a 13% COMPANY contribution, as long as the pilot puts in at least 5%. 18% total in 401k in this scenario.
03-19-2013, 05:18 AM
#74
The REAL Bluedriver
Joined APC: Sep 2011
Position: Airbus Capt
Posts: 6,881
Originally Posted by Bonk
RJer, your concern over whether or not B6 can afford to compensate us is misplaced. Airplanes cost X. If you can't afford to pay X you don't get to have an airplane. Same with fuel, terminals, landing fees, catering, deicing, etc, etc. You need to look at labor the same way. The ONLY reason B6 is making any money is because they're getting away with undercutting their labor costs. If you can't afford to pay the going rate for an airplane you shouldn't be in the airline business. The same thing goes for paying your pilots. If you can't afford to pay the going rate you shouldn't be in the airline business. As a pilot it's not my responsibility to carry the financial burden of keeping the airline afloat. That task is for the multimillionaire CEO. He supposedly gets those big bucks for a reason. Well it's time for Barger to earn his keep and figure out how to pay the bills. One of the bills he hasn't been paying is pilot labor costs. Why should I work at a discount just so Barger can sell underpriced tickets?
03-19-2013, 05:40 AM
#75
Line Holder
Joined APC: May 2007
Posts: 55
How are you coming up with this 18% figure? Do you receive some match I do not. The company matches your 5% and then we get the extra 3% on top of that. Total = 13%
And also why are people saying that putting 5% of your own money away for retirement is a pay cut. Last I checked that was just being financially smart and planning.
And also why are people saying that putting 5% of your own money away for retirement is a pay cut. Last I checked that was just being financially smart and planning.
03-19-2013, 05:42 AM
#76
Looking for a laugh
Joined APC: Feb 2008
Posts: 4,099
Originally Posted by Bluedriver
So our choice is to be paid average OR have a sustainable company?
03-19-2013, 06:01 AM
#77
Line Holder
Joined APC: Dec 2010
Posts: 27
Barger expects you to perform above the industry average. I expect him to simply perform as well as his peers. They seem to have figured out how to pay their pilots X. I expect the same from Barger. He won't cut me any slack if I halfass do my job. I'm not going to cut him slack for sub-par performance either.
03-19-2013, 06:09 AM
#78
Gets Weekends Off
Joined APC: May 2010
Position: A320 FO
Posts: 900
Originally Posted by Bluedriver
You either don't know, or are not representing it clearly.
You put in 5%.
The company puts in 13%.
Total is 18% if the pilot puts in 5%.
We have a 13% COMPANY contribution, as long as the pilot puts in at least 5%. 18% total in 401k in this scenario.
You put in 5%.
The company puts in 13%.
Total is 18% if the pilot puts in 5%.
We have a 13% COMPANY contribution, as long as the pilot puts in at least 5%. 18% total in 401k in this scenario.
Plus, if you DON'T put in the whole 5%, that reduces it. Let's say you only put in 3%, then the company only puts in 3%.
03-19-2013, 06:12 AM
#79
Gets Weekends Off
Joined APC: May 2010
Position: A320 FO
Posts: 900
Originally Posted by CE55Pilot
How are you coming up with this 18% figure? Do you receive some match I do not. The company matches your 5% and then we get the extra 3% on top of that. Total = 13%
And also why are people saying that putting 5% of your own money away for retirement is a pay cut. Last I checked that was just being financially smart and planning.
And also why are people saying that putting 5% of your own money away for retirement is a pay cut. Last I checked that was just being financially smart and planning.
03-19-2013, 06:22 AM
#80
Gets Weekends Off
Joined APC: Dec 2010
Posts: 524
Originally Posted by Bluedriver
It's not a 5% pay cut. It is called investing your own money for retirement. If you are not at least trying to max out your 401k/IRA accounts, you are an idiot.
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