Spirit of NKS, Part II
03-30-2016, 12:58 PM
#5031
Banned
Joined APC: Dec 2009
Position: Narrow/Left Wide/Right
Posts: 3,655
Originally Posted by Rainbows
Interesting question. I have no idea about railroads, but I wonder if they have a national seniority system or anything that would allow national rates.
03-30-2016, 01:02 PM
#5032
Gets Weekends Off
Joined APC: Dec 2015
Posts: 513
Originally Posted by UncleVito
Why do you think rls not going to happen? Sure, not tomorrow, but a couple years, why not?
03-30-2016, 02:34 PM
#5033
Gets Weekends Off
Joined APC: Jul 2009
Posts: 156
Originally Posted by 390SetBlue
We fly the same equipment in the same environment with more seats and orchestrate the operation at every f'n station... We should be paid more! Have some self worth. Who cares what crap they serve in the cabin? It doesn't matter
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03-30-2016, 02:59 PM
#5034
Banned
Joined APC: Feb 2013
Posts: 133
Originally Posted by UncleVito
Why do you think rls not going to happen? Sure, not tomorrow, but a couple years, why not?
03-30-2016, 04:13 PM
#5035
Gets Weekends Off
Joined APC: Apr 2008
Position: A320 CA
Posts: 184
Originally Posted by sgt98c
Listen chief, NO WHERE did I advocate not trying everything possible nor accepting less than we deserve. Keep it mature and impersonal, please.
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03-30-2016, 04:35 PM
#5036
Gets Weekends Off
Joined APC: Oct 2010
Posts: 4,603
Originally Posted by Gunga Din
I'm not suggesting they negotiate on a public forum. I'm not even suggesting they update us on a weekly or monthly basis. But how about you tell us what you're asking for?
Just tell us please that your asking for current (soon to be old) united rates. Tell us if you're asking for a DC and a 401k match north of 12%.
Or should they burn 3 more years of our time only to find they started with JB rates and a 10% 401k match.
Just tell us please that your asking for current (soon to be old) united rates. Tell us if you're asking for a DC and a 401k match north of 12%.
Or should they burn 3 more years of our time only to find they started with JB rates and a 10% 401k match.
Let's go with your 12% hybrid match/DC example with a 9% match and say you make $250k.
9% of $200k is $18k (your personal max) the company matches that $18k. They also give another 3% on that money in DC which is $6k. So what happens to the other $50k in earnings you made? You maxed out your match so instead of getting 12% ($6k) on that $50k you are only getting 3% ($1500). You left $4500 in retirement funds on the table because instead of a straight DC plan you had a hybrid plan. You thought you were getting 12% but you got 10.2% in reality.
If our rates go where they should be this will be a problem for every single ca and many fos if we have a hybrid plan with such high matching. You want pure DC and you can contribute if you want or take your 9% money back in your paycheck
03-30-2016, 05:03 PM
#5037
Gets Weekends Off
Joined APC: Dec 2009
Position: Airplane
Posts: 2,385
Can't agree more with Qotsaautopilot. A DC of 3-6% is far more beneficial than a matching, no matter how high, especially at the current IRS limits.
03-30-2016, 06:37 PM
#5038
Gets Weekends Off
Joined APC: May 2015
Posts: 459
Originally Posted by Qotsaautopilot
Not sure how many times I have to say it but a match of any kind is hurting us. YOU DO NOT WANT A MATCH. You want a defined contribution.
Let's go with your 12% hybrid match/DC example with a 9% match and say you make $250k.
9% of $200k is $18k (your personal max) the company matches that $18k. They also give another 3% on that money in DC which is $6k. So what happens to the other $50k in earnings you made? You maxed out your match so instead of getting 12% ($6k) on that $50k you are only getting 3% ($1500). You left $4500 in retirement funds on the table because instead of a straight DC plan you had a hybrid plan. You thought you were getting 12% but you got 10.2% in reality.
If our rates go where they should be this will be a problem for every single ca and many fos if we have a hybrid plan with such high matching. You want pure DC and you can contribute if you want or take your 9% money back in your paycheck
Let's go with your 12% hybrid match/DC example with a 9% match and say you make $250k.
9% of $200k is $18k (your personal max) the company matches that $18k. They also give another 3% on that money in DC which is $6k. So what happens to the other $50k in earnings you made? You maxed out your match so instead of getting 12% ($6k) on that $50k you are only getting 3% ($1500). You left $4500 in retirement funds on the table because instead of a straight DC plan you had a hybrid plan. You thought you were getting 12% but you got 10.2% in reality.
If our rates go where they should be this will be a problem for every single ca and many fos if we have a hybrid plan with such high matching. You want pure DC and you can contribute if you want or take your 9% money back in your paycheck
Not quite accurate. Using you numbers 9% match with 3% DC.
You would get 3% on the Entire $250,000. Not just the "remaining "50,000"
$250,000 x .03 = $7500. Spirit would match your $18,000 And an additional $7500 in DC. Add your 18k contribution and That's a healthy $43,500 a year.
16% DC would obviously be cleaner and easier to calculate, but a hybrid can work. For me anyway at least. No matter what it is I will be maxing out my $18,000 no matter what spirit puts in. I wanna lower my taxable income by 18k every single year. Period. I'm single without kids and without a bunch of toys...so having said that I don't mind the hybrid... Simply because I'm gonna max out my contribution as long as the irs will let me.
03-30-2016, 06:54 PM
#5039
Line Holder
Joined APC: Jan 2015
Position: E175
Posts: 27
Does anyone know how long before you hear something back if at all when you take the online assessment or do you still need to go to a job fair and get a face to face.
thanks
thanks
03-30-2016, 07:01 PM
#5040
Gets Weekends Off
Joined APC: Oct 2010
Posts: 1,420
Originally Posted by STA323
Does anyone know how long before you hear something back if at all when you take the online assessment or do you still need to go to a job fair and get a face to face.
thanks
thanks
It varies. For me it was less than an hour. For others a couple weeks. Sorry I wish I had better info
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