SWA or UAL?
#311
Gets Weekends Off
Joined: Feb 2008
Posts: 332
Likes: 0
In 2018, it's 14.2%. In 2019, it's at 15%.
Now, our ProfitSharing plan is actually a qualified retirement account. This enables our more junior pilots to max out their retirement account sooner. I managed to do it last year as a 1-2 year FO who hustled.
I grossed 170k last year. The company put in $24k into my B-fund. I maxed out my personal 401k contribution at 18k. That put me at 42k retirement contribution prior to PS being announced. The PS was 11.37% so in my case, I got $19k in PS, but since IRS 415c limits last year were $54,000 if under 50, I maxed it out my retirement contribution and had an excess of a little over 7k which I took as cash.
Our B-plan/NEC rate was 13.4% last year.
For those with valor license plates, the parking, at least in my domicile is free right at the terminal. Guys using Spot usually pay a little under $5/day after discount, Dallas crews don't pay anything, not sure about other bases.
As for food, we do get international per diem if we fly an international leg, and they actually feed us on those if they're turns. Interestingly, suppose you do an international turn and then press on for 3 more days domestic, you're still getting international per diem the whole trip which is $2.80. Otherwise, it's $2.30. You're right though... we do spend money in terminals. Some guys bring food from home... Are you guys generally happy with your crew meal selection?
Now, our ProfitSharing plan is actually a qualified retirement account. This enables our more junior pilots to max out their retirement account sooner. I managed to do it last year as a 1-2 year FO who hustled.
I grossed 170k last year. The company put in $24k into my B-fund. I maxed out my personal 401k contribution at 18k. That put me at 42k retirement contribution prior to PS being announced. The PS was 11.37% so in my case, I got $19k in PS, but since IRS 415c limits last year were $54,000 if under 50, I maxed it out my retirement contribution and had an excess of a little over 7k which I took as cash.
Our B-plan/NEC rate was 13.4% last year.
For those with valor license plates, the parking, at least in my domicile is free right at the terminal. Guys using Spot usually pay a little under $5/day after discount, Dallas crews don't pay anything, not sure about other bases.
As for food, we do get international per diem if we fly an international leg, and they actually feed us on those if they're turns. Interestingly, suppose you do an international turn and then press on for 3 more days domestic, you're still getting international per diem the whole trip which is $2.80. Otherwise, it's $2.30. You're right though... we do spend money in terminals. Some guys bring food from home... Are you guys generally happy with your crew meal selection?
#312
Gets Weekends Off
Joined: Jul 2013
Posts: 5,233
Likes: 66
The same guys boasting about all we have are probably the same ones that during the bankruptcy would say “I came here, my buddy went to SW and upgraded in a couple years. I shoulda gone to SW”.
#313
Gets Weekend Reserve
Joined: Jul 2007
Posts: 4,259
Likes: 241
From: B737CA
True. As well as the TRUE STATE of how much better we’re off vs not too long ago.
The same guys boasting about all we have are probably the same ones that during the bankruptcy would say “I came here, my buddy went to SW and upgraded in a couple years. I shoulda gone to SW”.
The same guys boasting about all we have are probably the same ones that during the bankruptcy would say “I came here, my buddy went to SW and upgraded in a couple years. I shoulda gone to SW”.
Very true. In the end, we will know if we made the right decision at our retirement party.
#314
Gets Weekends Off
Joined: Jun 2010
Posts: 7,573
Likes: 283
From: DOWNGRADE COMPLETE: Thanks Gary. Thanks SWAPA.
#316
Gets Weekends Off
Joined: Nov 2009
Posts: 5,508
Likes: 109
#317
#318
2006 - "Tom Martin is 68 years old. After 30 years on the job, he retired as a United Airlines pilot eight years ago. When United UAL, -0.67% filed bankruptcy and then turned over its pension plan in October, his check shrunk by about 40%."
https://www.marketwatch.com/story/ti...nated-pensions
Thread
Thread Starter
Forum
Replies
Last Post
EngineOut
Regional
153
05-10-2017 10:12 AM



