First Year Regional Pay
05-17-2016, 06:40 AM
#52
Gets Weekends Off
Joined APC: Jan 2016
Posts: 119
Originally Posted by Ellen
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 APC: Apr 2006
Posts: 657
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 APC: Feb 2016
Posts: 2,559
$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!
Originally Posted by Ellen
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 APC: Oct 2015
Position: Gear slinger
Posts: 2,897
Originally Posted by 29Eleven
Yes, vested from day one.
That's great if it's true.
07-17-2017, 07:19 PM
#59
Gets Weekends Off
Joined APC: Nov 2016
Posts: 2,544
Originally Posted by p3dnow
My first year FO position st Endeavor. Filed taxes for $82,460.33
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Sent from my iPhone using Tapatalk
07-18-2017, 04:22 AM
#60
New Hire
Joined APC: May 2016
Position: FO
Posts: 3
Originally Posted by Otterbox
When did that change? Their 401k guide used to say something like 3 years until 100% vesting for company contributions... but employees could contribute/kept their own from day one.
That's great if it's true.
That's great if it's true.
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