regional retirement
 

do captains on the regional level get a livable retirement? or do they not get a retirement at all? Does the company take x percentage of your paycheck and put it in the bank? can you request this? thanks.

http://www.airlinepilotcentral.com/airlines.html

:confused:

And so the "Regionals as an End Game" begins. May God have mercy on all our souls.

doesn't answer my question. captain carl im guessing more guys are doing this and its hurting the industry?

Sadly, yes. The major byproduct of looser scope at the mainline carriers is their contraction, likely at or close to the rate of retirements.

The majority of current regional pilots will retire as future domestic SNJ (Small Narrow-body Jet) captains making mediocre bucks and weak 401(k)'s they'll have to fund heavily themselves.

Wingtips has a brochure with more details courtesy of the high-fiver's club. PM her and perhaps she'll email you.

Retirement? Whats that? An application for unemployment?

Beyond a 401k with a small match (2-6%), there maybe some flight benefits, but don't get sick or hurt because there won't be any medical coverage.

Seriously though, invest 10-15% of every dollar you make starting at a young age and you should be OK.

Hickspilot... the awnser is no... I do not know of any regionals that provide retirement. You are left to figure that out yourself. Most do offer a SMALL 401k match in the ballpark of 5% of what you put in. You can pretend that Social Security will be around but fat chance on that. So... lets just say for easy numbers that you averaged $75,000 per year at a regional for 30 years and wanted to retire and you had been putting in 5% of that with a match that was a generous 100% of the first 5% you put in. You put in $3,750... the company puts in $3,750. So you save $625 monthly for 30 years and lets say you could get an average of 8% return for those 30 years... You have $1mil... dont spend it all in one place...

This is flame bait, but I have to respond. Most RJ captains make plenty of money to save for retirement. It is a good wage, invest wisely, and you have nothing too worry about. You are entitled too nothing. Earn it.

166 posts in 2 days. That's got to be a record.

That guy was gunning for acl65pilot's slot as top poster. If it weren't for the ban, he would've been there in 6 months or less.

Speaking of which, what got him banned?