Quote:
Originally Posted by dera
You are wrong.
Omni and Kalitta airline you on days on, Atlas does gateway travel as you describe. At Atlas in January there are lines that credit 95 hours and have 18 days off. Or you can do 14 days off and credit 140.
I made 17k last month as a 1st year FO. My January guarantee is about the same.
Add a 10% match and a 2% DC for 401K.
Don't get me wrong, I know NetJets pays well and is a great company to work for, but saying you guys are somehow the best paid is just not accurate.
You clearly need an update from your buddies.
Never said we are the best paid. I know we are not. Compensation comes in many forms with soft money, work rules, trip/duty rig, etc.
My buddy at Kalitta says he airlines out on day 1 as part of his schedule. He’s out for 16 days. They airline him home on day 17 which uses his day off. Same for my buddy at Atlas.
My Omni buddy got his last choice. His line works 3 weeks straight of being gone. No thanks.
How many days straight were you gone to make that $17k? The most I was gone was 11 days in one tour and that was my own doing. We can make over $20K in those 11 days. Normally I’m only gone 7 days followed by 7 off.
While we don’t have DC, our FDP comes pretty close to it. 33% of our FDP is put in our 401k. FDP is our version of DC. $16k of my FDP was put in my 401K. FO’s FDP are paid the same as captains. Your annual 2% DC is only $4224 using your $17600 monthly income number. I and many first year first officers beat your DC by about 378%
We put $19500 in our 401k and then NetJets matches that at 58%. That 58% is $11310 of free money.
$19500+$11310+$16000= $46,810 for 1 year of retirement savings. Run the numbers of the legacy DC and 401K plans and you’ll see NetJets is pretty close.
Assuming your company matches all of your 19500 then that is only $1950. 19500+1950+4224 is $25674 total retirement savings for 1 year at your company.
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