First Year Regional Pay
05-17-2016 | 05:12 AM
#51
Gets Weekends Off
Joined: Feb 2016
Posts: 1,237
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I guess closer to 50 cents/hr. now that I think about it.
Then its part of package and if so then we would need to look at
Insurance, per diem, DH pay, Vacation credit, etc.
I don't see 401k then as part of pay!
Then its part of package and if so then we would need to look at
Insurance, per diem, DH pay, Vacation credit, etc.
I don't see 401k then as part of pay!
05-17-2016 | 06:40 AM
#52
Gets Weekends Off
Joined: Jan 2016
Posts: 119
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So let's look at this... Most new hires don't opt for 401k because they need money to buy things like "food and water."
However, assuming that most places are 2%, 4%, 6% match based upon longevity... That means if you earned $35k yr 1 and maxed your 401k contribution, the company would contribute $700. (Roughly $2 per day). Five years later... Assume total company contribution of around $5k.
Not exactly a needle pusher in my mind. As far as being vested from day one.... $5k after five years is lollipop money even if vested at 100%.
Why not over block 1 hour for every 4-day trip for the next 5 years? You could probably earn an extra 250-300 hours of pay during that time.
However, assuming that most places are 2%, 4%, 6% match based upon longevity... That means if you earned $35k yr 1 and maxed your 401k contribution, the company would contribute $700. (Roughly $2 per day). Five years later... Assume total company contribution of around $5k.
Not exactly a needle pusher in my mind. As far as being vested from day one.... $5k after five years is lollipop money even if vested at 100%.
Why not over block 1 hour for every 4-day trip for the next 5 years? You could probably earn an extra 250-300 hours of pay during that time.
05-18-2016 | 06:56 PM
#53
Gets Weekends Off
Joined: Apr 2006
Posts: 657
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All I'm really trying to point out is that $5k over five years is junk. (Free Junk). UAL dumps 16% of your salary into 401k without you having to contribute a nickel. Over five years that over $80k - $90k and that's just 401k.
The regionals have been pulling the wool over everyone's eyes for decades. Regional pilots are cheap, overworked labor. Regionals used to be a stepping stone... But with the new ATP rules, I'd bypass them all together and go to others like Allegiant, Spirit, Frontier, Virgin, or even some Part 135 operators.
The regionals have been pulling the wool over everyone's eyes for decades. Regional pilots are cheap, overworked labor. Regionals used to be a stepping stone... But with the new ATP rules, I'd bypass them all together and go to others like Allegiant, Spirit, Frontier, Virgin, or even some Part 135 operators.
05-18-2016 | 07:00 PM
#54
Gets Weekends Off
Joined: Feb 2016
Posts: 2,559
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$5K over 5 years is not much. But only a fool would not take it. If you put $1,000 in per year, and the company matches it, you just made 100% return on your investment, even before the market gets to touch it. Try doing that with any other investment vechicle.
And I suspect $1,000 a year is WAY on the low side, except maybe first year.
And I have yet to find any company in the USA that pays into a 401K like Delta does. One cannot compare other jobs to them. They are in a class of their own!
And I suspect $1,000 a year is WAY on the low side, except maybe first year.
And I have yet to find any company in the USA that pays into a 401K like Delta does. One cannot compare other jobs to them. They are in a class of their own!
All I'm really trying to point out is that $5k over five years is junk. (Free Junk). UAL dumps 16% of your salary into 401k without you having to contribute a nickel. Over five years that over $80k - $90k and that's just 401k.
The regionals have been pulling the wool over everyone's eyes for decades. Regional pilots are cheap, overworked labor. Regionals used to be a stepping stone... But with the new ATP rules, I'd bypass them all together and go to others like Allegiant, Spirit, Frontier, Virgin, or even some Part 135 operators.
The regionals have been pulling the wool over everyone's eyes for decades. Regional pilots are cheap, overworked labor. Regionals used to be a stepping stone... But with the new ATP rules, I'd bypass them all together and go to others like Allegiant, Spirit, Frontier, Virgin, or even some Part 135 operators.
07-17-2017 | 09:00 AM
#58
Gets Weekends Off
Joined: Oct 2015
Posts: 3,199
Likes: 42
From: Gear slinger
07-17-2017 | 07:19 PM
#59
Gets Weekends Off
Joined: Nov 2016
Posts: 2,558
Likes: 0
Can you clear something up for all of us that you have confused over multiple threads? In your first year that you just finished and filed taxes for much too late, did you make $53k, $83k, or $93k? I'm having trouble keeping up, but that might be because I'm bareheaded and therefore unprofessional..
07-18-2017 | 04:22 AM
#60
New Hire
Joined: May 2016
Posts: 3
Likes: 0
From: FO
It was required by the October '15 contract Article 14, "always 100% vested".
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