DoinTime
Well-known member
- Joined
- Nov 27, 2001
- Posts
- 2,523
Retirement
The improvements in retirement greatly increase the amounts of matched contributions made by the Company. Under the new matching and vesting schedule agreed to, a pilot with a 30 year career at Mesaba, deferring 15% of income in addition to the full employer match will retire with 55% of his final average earnings, using common actuarial assumptions.
Your retirement benefits should not be contingent upon your salary deferment. If this were a true benefit you would get the company match regardless of your contribution. Most would be hard pressed to make that 15% contribution under the listed payscales aswell.