Airline Pilot Retirement Figures Posted:

[767-300ER]

http://www.airlinepilotpay.com

Let me know if I screwed anyone's figures up!

 

[backflip]

Nice web site. JetBlue does have profit sharing.

 

[80drvr]

Nice web site. JetBlue does have profit sharing.

So don't AA & UAL...it's just been a few years since we've seen an extra month's pay show up.

 

[beech1900kid]

767-300ER,

Nice work! I posted below the ATA "B" fund retirement plan for you for plan year 2004. There is a range from 4.5% to 7.5% for the current year. Each year of our current contract the rate goes up but who knows what will happen with the current contract negogiations that are going on right now. The company has asked for "assistance" and wants to freeze the contract at the 2003 rates/wages/benefits/etc. The range right now for the "B" plan for year 2004 is 4.5% to 7.5%.


There are 3 categories:

1. Less than 6 years of service.........4.5%
2. 6 years to less than 12 years.......5.5%
3. 12 or more years of service...........7.5%


(If retirement funding stays the same by 2006 the range will be from 5.5% to 12%).

 

[767-300ER]

Thanks for the corrections, guys! I've updated the site.

 

[Singlecoil]

http://www.airlinepilotpay.com

Let me know if I screwed anyone's figures up!

I love the site. Just one suggestion, though. Would it be possible to get a little more specific on the retirement plans? For instance Alaska'a A Plan is the average of the best 60 months of your last 120 months, times years of service (no maximum), times 1.9%.

I think some airlines take the best three years of the last five. Some put a cap on how many years of service you can count, etc. There may not be any need for all that, but just a suggestion.

By the way, Alaska does have profit sharing, and a B-Plan with 3% contribution. There is no 401K match, they put 3% in your B-Plan regardless of what you contribute.

 

[Frac Daddy]

Nice website

I thought America West had established a B Fund with their recent contract.

 

[Pilotbob3]

North American does have profit sharing and a 401k match.

they also have an approx 20 % override pay for the IO, IRP, 3rd pilot, what ever you want to call it...

ex. first year FO...54.35 hr....first year IO 64.89.....10.54 overide.

 

[Pilotbob3]

ps i dont' see AA retirement numbers?

 

[72737576]

401K match at ATA .60cents on the dollar up to 6%.

 

[767-300ER]

Thanks for the updates, guys.

What's North American's 401k company contribution %?

As for the suggestion to include what years the FAE component of the A-plan includes, that's beyond the scope of my site. I want a quick overview only, as with all airlines there are lots of ins and outs that would quickly fill up another web page. Hope you understand.

 

[Snoopy58]

Small point...

I don't see any pilot pay on the website.

I see pay RATES. Which aren't at all the same thing.

Pay rate doesn't put food on the table; takehome pay sent to the bank account does. We all understand that there are a lot of variables to pay even at one airline, things like duty rigs, if & how much extra one can pick up or drop, the difference between sitting reserve or flying, the difference between high and average and low and guarantee, etc. And rather than trying to understand all of those variables for each airline...

... how about posting some representative W-2 numbers for guys at each step of seniority?

It's nice to see what a 3rd year 767 F/O "makes" in the contract, but what if all the 767 F/O's are 8th-10th year guys?

Is there any way you could put in some numbers that show what pilots actually TAKE HOME in their 1st, 2nd, 3rd, etc year at each airline?

Thanks!

 

[Pilotbob3]

snoopy that sounds way too complicated.....i don't think it will work.

 

[767-300ER]

Snoopy-

AIR Inc. comes close to what you're wanting-- they put out avg. monthly pay figures in a nice booklet. But it'll cost you $ (call 800-AIR-APPS).

My site's free, and kept purposefully simple.

To get actual W-2 information is pretty dicey. To most people that's very private!

 

[thruthemurk]

Nice work on your helpful website...

I know that America West did get some sort of B fund with their latest contract deal, including a jumpstart funding that was in lieu of retro pay.

murk