Pilot Agreement Question

[skunkpump]

I expect the court to OK the pilot agreement next week, but nobody has been able to answer this question:

Did the monthly min guarantee change from 72 hrs/month?

What happened to 401k match and B-fund contributions? Where will they stand?

Thanks

 

[BoeingBoy]

I expect the court to OK the pilot agreement next week, but nobody has been able to answer this question:

Did the monthly min guarantee change from 72 hrs/month?

What happened to 401k match and B-fund contributions? Where will they stand?

Thanks

[post="194073"][/post]​

I can't answer the question on guarantee off the top of my head.

We never had a 401k match. Under the old DB plan there was a 401k but it was all individual contributions with no match (it's still there). Under the DC plan, there was a company contribution that was a % of pay but no individual contribution was required (the % was individually calculated to arrive at a "target benefit" after some assumptions). The latest change is to a flat 10% of pay contributed (unless already below that) with no individual contribution requirement.

For years now, the separage 401k mentioned above (completely employee funded) has been our version of the B-fund.

Jim

 

[skunkpump]

Thanks for the good info, Jim!