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Originally Posted by evergreen
(Post 3489627)
In a similar situation, except I'll be commuting from PHX (might move to Denver in the next 1-2 years). Also looking for advice. TIA
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Originally Posted by Alpiner
(Post 3489501)
No brainer B6, always possible the merger won’t go through. Plus, higher pay and better benefits.
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Originally Posted by lowandslow
(Post 3492633)
I know the higher pay but can you explain “better” benefits? Everything I’ve read/heard insurance is not great at B6. Another factor for commuters is I think B6 has positive space commutes right now.
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Originally Posted by Cockpit997
(Post 3492791)
I’m pretty sure B6 retirement is way better. I’m not sure about insurance.
Can someone walk through the profit sharing language, if the pretax is less than 18% does that mean another 5% goes to 401k company contributions for 21% total? |
Originally Posted by FahQ2
(Post 3492794)
The profile says B6 defined contribution is 16%
Can someone walk through the profit sharing language, if the pretax is less than 18% does that mean another 5% goes to 401k company contributions for 21% total? During a good year, you might be able to afford the Jelly of the Month Club. |
Management wrote a 5% cliff into the language.
What this means is that if the company makes enough profit for you to earn 5.5% in PS, before they cut the check they subtract the 5% cliff, and send you the .5%. They keep the 5%. The 5% cliff doesn't sound that nefarious to those who don't understand it, but it effectively eliminates 90-100% of your profit sharing check. Intentionally. And these are the same managers that some think will give us a "revenue sharing" tax... Good luck with that... |
Originally Posted by lowandslow
(Post 3492633)
I know the higher pay but can you explain “better” benefits? Everything I’ve read/heard insurance is not great at B6. Another factor for commuters is I think B6 has positive space commutes right now.
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Checking Spirit profit sharing…
0.0% |
Originally Posted by Bluedriver
(Post 3492847)
. And these are the same managers that some think will give us a "revenue sharing" tax... Good luck with that...
Management NEEDS a JCBA. It’s time to stop talking about horse trading and start making nonnegotiable demands. IF NOT NOW, WHEN? |
Originally Posted by Excargodog
(Post 3492913)
it’s a self fulfilling prophecy. You don’t ask for it, you damn sure aren’t going to get it.
Management NEEDS a JCBA. It’s time to stop talking about horse trading and start making nonnegotiable demands. IF NOT NOW, WHEN? But I agree, we should horse trade nothing, give nothing, and we better get a Delta/SWA equivalent Profit Sharing plan with strong language, and no cliff. And we don't have "give" anything to get it. |
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