Originally Posted by Southerner (Post 1374779)

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?

Originally Posted by CaptCoolHand (Post 1374652)

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!

Originally Posted by Kellwolf (Post 1374769)

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%.

Originally Posted by Bonk (Post 1374755)

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?

Originally Posted by Bluedriver (Post 1374800)

So our choice is to be paid average OR have a sustainable company?

Originally Posted by Bluedriver (Post 1374798)

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.

Originally Posted by CE55Pilot (Post 1374824)

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.

Originally Posted by Bluedriver (Post 1374793)

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.