SWA/Airtran pilot integration thoughts, what will the new list look like?

[JT12345]

I say staple all the Tranny guys!!! Most Fos at SWA make more money have a better schedule and benefits then the captains at Airtran.

Troll alert!


Btw, it is against the laws past by the United States Congress.

 

[shootr]

A staple is not against the law. It may not be what happens but "no staple" is not what B/M and A/M say. Do your research.

 

[shagadelic]

IMO, A 10.5% B fund is much better then a 9.3% 401K match, even if the 401K match is based off a higher salary, because you are going to hit the limit at about $160,000 per year. I could be wrong, so If I am, please tell.

They match 9.3% up to 16,500, then it starts going into a 401a-17 excess fund (still at 9.3%). I believe (just going off memory) the total from all sources, profit sharing, 401k match, 401 contributions, and 401a-17 this year can't be more than $49,000. So if we have a huge profit sharing, some could get a check back...that used to happen a lot, not so much anymore. I'm well passed the 16,500 company match and in to the excess, but won't hit the limit, I'm sure.

 

[MCDU]

DOH. No bump no flush.

M

 

[gt1900]

They match 9.3% up to 16,500, then it starts going into a 401a-17 excess fund (still at 9.3%). I believe (just going off memory) the total from all sources, profit sharing, 401k match, 401 contributions, and 401a-17 this year can't be more than $49,000. So if we have a huge profit sharing, some could get a check back...that used to happen a lot, not so much anymore. I'm well passed the 16,500 company match and in to the excess, but won't hit the limit, I'm sure.

Thanks.. Clear as mud! ;-)

 

[shagadelic]

The answer is yes, we get a match of 9.3 even passed the 16500 cap.

 

[Ky.BrownBourbn]

Correct me if Im wrong. But doesn't SWA's 401K require you to contribute before you see a match? If you maxed out your 401K at $16,500 wouldn't that be the most you could get from SWA as well (unless your over 55)? B funds have no max, and you don't have to contribute anything. It leaves that extra money in my pocket to spend how I choose. IMO, A 10.5% B fund is much better then a 9.3% 401K match, even if the 401K match is based off a higher salary, because you are going to hit the limit at about $160,000 per year. I could be wrong, so If I am, please tell.

BTW.. Can the SWA guys explain how your pay works. Isn't it based of segments, and not time? Is the hourly rate you see on Airline Pilot Central pretty close to what you guys actually see?

I hit the 16.5 cap in Aug., Co. is still contributing!
KBB

 

[gt1900]

If a person hits the $16,500 max, is the amount you contribute over $16,500 taxed at a normal rate similiar to an IRA? Obviously Ive never had to worry about it, otherwise I would know.. Thanks in advance.

 

[shagadelic]

I hit the 16.5 cap in Aug., Co. is still contributing!

I think they are talking about the $16500 match from the company, not what you contributed. They will match up to 16500, then it goes in to the excess fund. You won't see the excess funds deposited until March, I think, and I have no idea why.

If a person hits the $16,500 max, is the amount you contribute over $16,500 taxed at a normal rate similiar to an IRA? Obviously Ive never had to worry about it, otherwise I would know.. Thanks in advance.

You can't contribute beyond 16500. But they company can match beyond 16500 as long as the total from all sources doesnt go beyond 49000. To get the 16500 from the company, you'll have to make 177,000. After that, it will go into the excess fund.

 

[bizicmo]

It should go by last 4 digits of your social security. 3000's first, then 7000's, 1000's, 5000's, 4000's, 0000's, 9000's, 2000's, 6000's and last 8000's. Also you should be able to move up and down with the people directly next to you by winning a best of three challenge. The best of 3 challenge can come from this list: 40 yard sprint, max reps of 135 bench press, a game of Risk, a best of 3 series of rock/scissors/paper, hot dog eating contest, a race around the world by boat, drinking contest of some kind or contest of who can jump off the highest platform and survive. If the 2 contestants can't come to an agreement on the challenges then the challenge selection goes to an arbitrator.

 

[Secret Squirrel]

The cap is only on your contribution. the total tax free is $44,000 between yours and company contribution. You can put in $16,500 and the rest can be company contribution.

 

[scoreboardII]

so back to what the list will look like, the benefits discussion would make another great topic...

 

[gt1900]

Got it. Thanks.

 

[filejw]

A staple is not against the law. It may not be what happens but "no staple" is not what B/M and A/M say. Do your research.

True but the federal law is based on Allegheny /Mohawk and that was not a staple.

 

[Ad Lib]

Relative Seniority with credit given for your airline's guessed at attrition.

At least that is the precedent set by DAL.

WN should call Shamu "Super Premium Whale Flying" and fence it.

 

[freightdogfred]

It should go by last 4 digits of your social security. 3000's first, then 7000's, 1000's, 5000's, 4000's, 0000's, 9000's, 2000's, 6000's and last 8000's. Also you should be able to move up and down with the people directly next to you by winning a best of three challenge. The best of 3 challenge can come from this list: 40 yard sprint, max reps of 135 bench press, a game of Risk, a best of 3 series of rock/scissors/paper, hot dog eating contest, a race around the world by boat, drinking contest of some kind or contest of who can jump off the highest platform and survive. If the 2 contestants can't come to an agreement on the challenges then the challenge selection goes to an arbitrator.

HaHa you a funny guy I like it...How bout ya put together the best five teams on each side, and race in the Interline regatta? It's all just in time, the regatta starts 2nd week in October

 

[General Lee]

Date of hire, no bump and flush.

Hey Friends,

Looking at the last couple mergers, I would think this would go to Arbitrators, and they will decide. Each side puts up a defense and their own proposed list, and then the arbitrators will decide. Very unlikely there will be any staple thanks to the Bond/McCaskil bill. Other than that, it's great that my GOOD friend Ty Webb will now see the beautiful paradise of Lubbock, Texas, at a really good pay rate too. You guys are FANTASTIC, and don't ever forget that! Bye Friends!


Bye Bye--General Lee

 

[ATLplt]

HaHa you a funny guy I like it...How bout ya put together the best five teams on each side, and race in the Interline regatta? It's all just in time, the regatta starts 2nd week in October

Says the guy wants is a free Captain ride on the regatta. You're too expensive Freddie. Are you actually going this year?

 

[Ky.BrownBourbn]

I think they are talking about the $16500 match from the company, not what you contributed. They will match up to 16500, then it goes in to the excess fund. You won't see the excess funds deposited until March, I think, and I have no idea why.



You can't contribute beyond 16500. But they company can match beyond 16500 as long as the total from all sources doesnt go beyond 49000. To get the 16500 from the company, you'll have to make 177,000. After that, it will go into the excess fund.

No, I'm not sure what they may be asking but I've hit the 16.5 and I am no longer contributing (Daddy got a Pay Raise in Sept. by 20%!)

KBB

(I contribute 20% so I get a pay raise for the holidays BUT with the retro check "MY RAISE" came much earlier this year!...Thank you SWAPA!)

 

[shagadelic]

No, I'm not sure what they may be asking but I've hit the 16.5 and I am no longer contributing (Daddy got a Pay Raise in Sept. by 20%!)

Sure, the company will continue to contribute. The question was will they continue once the company contributes $16,500. At 20% you will do it way earlier than they will at 9.3 percent. In fact, if you just hit the $16500 in August, then the company won't contribute $16500 in to your 401k this year as you won't make enough. My point was the company will contribute more than the match of $16500 if you make over $177,000, but your personal contributions are limited to $16500. Clear as mud?