Climbto450

Regardless of how you look at the 13% or 18% we still lack in our retirement as does the rest of our total compensation. In speaking with my PVC rep and the CP's office it seems as thought some sort of fix is in the works. Will it be enough to keep the masses from leaving or us from unionizing maybe will it bring us up to industry standard probably not. Without a CBA there can be no progress toward getting an industry standard compensation package we will always be one or two steps behind.

blueballs

I see him as being realistic. It is up to you and you alone to take care of yourself. I don't fool myself into believing any company is going to take care of me. They set the rules for our retirement and its simple. Contribute 5% they will match plus add an additional 3%. And give 5% quarterly for profit sharing. It may not be what the others have but its what we have. If you want to make sure you can take care of yourself after retirement play the game open up your own extra account do whatever is right for you. Until this year I was financially strapped and could only contribute 3% I didn't complain I put myself in that financial situation. The smartest thing anyone can do is make the best of what you have and strive for better. But complaining all the time to other pilots isn't the answer. If you ***** back and forth you are seperating the pilot group and weakening your hand. DThe only way to get the company to meet your demandas is to stand in front of them united, but speaking harshly to your peers will divide us and management will always win

Bluedriver

You are not at ALL correct.

5% company 401k match.

5% retirement advantage deposited quartery (formerly called guaranteed profit sharing).

3% retirement plus deposited monthly.

13% from the company. An additional 5% required from you. 18% total.

Bluedriver

Given your choice, I choose to keep my job, which I quite like. By your own standards, Southwest Airlines should have never survived before 9-11 when they had sub-average total compensation compared to legacies....

Simplistic tool.

Bluedriver

Hey new guy, the company has changed the label for profit sharing. There is not more "guaranteed profit sharing" of 5%. It is now "retirement advantage" of 5% deposited quarterly.

So, if you go back and read my earlier post, I said our profit sharing sucks. If you put in less than 5% of your own money, you're an idiot...

Bluedriver

I understand special circumstances... Maxing it out is one thing... Not putting in 5%, of which only changes your take-home pay by about 3.5% is quite another thing all together... For the 98% who are not in emergency financial positions, putting in your 5% is NON_ISSUE. That is, unless you just want things to ***** about.

Bluedriver

OH, and again, out profit sharing and healthcare suck...

Pay rates MUST be adjusted up bigtime...

Bluedriver

The 18% number is to illustrate that you keep your own 5%, in addition to the company's 13%.

Company puts in 13%, you put in 5%, you have 18% TOTAL in your 401k.

Its only misleading if you can't follow a simple word problem.

alvrb211

Really?

You don't believe the company will do the right thing and invest in Pilots of their own accord as the other carriers do?


This begs the question. If you are wise to the fact that Pilots need to unite and make a stand against a company hell bent on not doing the right thing, why are you such a Bluejuicer?


JJ

Bluedriver

Other companies DON'T invest in their pilots willingly. They do it based on union negotiation.