Dalpa R&I Roadshow
09-21-2018, 07:07 AM
#251
Gets Weekends Off
Joined APC: Nov 2011
Posts: 4,535
So I am assuming that you would be an advocate of not adding anything more to the retirement funding and letting the current 16% funding be it forever (actually if that is the case I would recommend bumping it up to 20% so you are full at $55k on $275k wages).
I think the problem is that most pilots don't invest that DPSP cash, I know not your problem (or mine) but unless there is someplace to put the money, there is no reason to negotiate for more retirement dollars. Would this be a correct view?
I think the problem is that most pilots don't invest that DPSP cash, I know not your problem (or mine) but unless there is someplace to put the money, there is no reason to negotiate for more retirement dollars. Would this be a correct view?
09-21-2018, 07:33 AM
#252
Gets Weekends Off
Joined APC: Feb 2009
Position: 320B
Posts: 781
you can only hold people's hands so much. It's their money to do with as they wish...but at the same time i have no sympathy when they blow it on stupid stuff and then complain about not having enough for retirement. For example, a few years ago i flew with a guy that said he spends his PS every year on toys, had over 200k invested in salt water fish tanks and said the week prior he spent 20k on a coral that had a 50/50 shot of living over a month.....then he went on to say he didnt have enough for retirement.
09-21-2018, 10:28 AM
#253
Gets Weekends Off
Joined APC: Apr 2007
Posts: 4,614
The basic math proves we aren't making any huge gains with the MBCBP. We don't need ALPA as our "retirement nanny" just because some of us spend our DPSP Cash instead of investing it. Here's a radical idea for the bare min starting point before even talking about new plans.
20% DC + 2% HSA. (Tricare recipients, suck it up and pay for the cheapest HDHP if you want the money). YOU WILL have medical expenses in retirement even with Tricare. I will be on Tricare in retirement and am still loading up my HSA.
Negotiate a lower (or $0) cost HDHP for the sole purpose of creating a HSA account.
Add soft benefits
-Dry Cleaning reimbursement
-Uniform Allowance
-Increased Per Diem
-Other stuff smart APCers come up with.
Then circle back to add on retirement plans.
As always SCOPE is #1, start there first.
20% DC + 2% HSA. (Tricare recipients, suck it up and pay for the cheapest HDHP if you want the money). YOU WILL have medical expenses in retirement even with Tricare. I will be on Tricare in retirement and am still loading up my HSA.
Negotiate a lower (or $0) cost HDHP for the sole purpose of creating a HSA account.
Add soft benefits
-Dry Cleaning reimbursement
-Uniform Allowance
-Increased Per Diem
-Other stuff smart APCers come up with.
Then circle back to add on retirement plans.
As always SCOPE is #1, start there first.
09-21-2018, 10:46 AM
#254
Gets Weekends Off
Joined APC: Oct 2013
Posts: 519
The basic math proves we aren't making any huge gains with the MBCBP. We don't need ALPA as our "retirement nanny" just because some of us spend our DPSP Cash instead of investing it. Here's a radical idea for the bare min starting point before even talking about new plans.
20% DC + 2% HSA. (Tricare recipients, suck it up and pay for the cheapest HDHP if you want the money). YOU WILL have medical expenses in retirement even with Tricare. I will be on Tricare in retirement and am still loading up my HSA.
Negotiate a lower (or $0) cost HDHP for the sole purpose of creating a HSA account.
Add soft benefits
-Dry Cleaning reimbursement
-Uniform Allowance
-Increased Per Diem
-Other stuff smart APCers come up with.
Then circle back to add on retirement plans.
As always SCOPE is #1, start there first.
20% DC + 2% HSA. (Tricare recipients, suck it up and pay for the cheapest HDHP if you want the money). YOU WILL have medical expenses in retirement even with Tricare. I will be on Tricare in retirement and am still loading up my HSA.
Negotiate a lower (or $0) cost HDHP for the sole purpose of creating a HSA account.
Add soft benefits
-Dry Cleaning reimbursement
-Uniform Allowance
-Increased Per Diem
-Other stuff smart APCers come up with.
Then circle back to add on retirement plans.
As always SCOPE is #1, start there first.
Max out of pocket for a mil-retired Tricare for the entire family is $3k per year .... so I’d rather take that 2% as cash since it’s worth more than $3k at year 2.
09-21-2018, 11:09 AM
#256
Gets Weekends Off
Joined APC: Apr 2007
Posts: 4,614
Good to know about the Tricare HDHP/HSA restrictions.
09-21-2018, 12:52 PM
#257
Gets Weekends Off
Joined APC: Apr 2007
Position: Up front
Posts: 963
Nice list however I’d rather have paid FMLA for all pilots regardless of base before any of those items. I also like the idea of the APD being paid time off. Oh and scope, JV, scope, vacation/training pay, scope, deadhead language, scope, RCC input required if SIL/KLOA offered and scope.
09-21-2018, 03:18 PM
#260
Gets Weekends Off
Thread Starter
Joined APC: Sep 2008
Position: Kickin’ Back
Posts: 6,971
Denny
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