Retirement Compensation
#31
Gets Weekends Off
Joined APC: Apr 2016
Posts: 286
I used the pay that was on this website and as I said, not sure if that is new or old numbers so please correct me if wrong. 8/6 at BOTH places is the best comparison. So again, $105,000+ 66% of 30% FDP= $123,900 for "average" employees (some make less, right?), Flex is CONSERVATIVELY $165,000 for all first year FOs (not using 100% of the 10% bonus, not including the $18k deferred comp, not including per diem we keep, not including parking). We can do this all day however Id prefer to just say NJ has a better retirement plan, Flex has better overall compensation. Do with it what you will.....
How does pay increase over the next five years? What would someone make 5 years from now if they were hired at flex and upgraded at year 2? What is the top pay for a flex pilot?
Question on your medical also, is $33 a check for your family or just you?
#32
New Hire
Joined APC: Feb 2024
Posts: 9
I used the pay that was on this website and as I said, not sure if that is new or old numbers so please correct me if wrong. 8/6 at BOTH places is the best comparison. So again, $105,000+ 66% of 30% FDP= $123,900 for "average" employees (some make less, right?), Flex is CONSERVATIVELY $165,000 for all first year FOs (not using 100% of the 10% bonus, not including the $18k deferred comp, not including per diem we keep, not including parking). We can do this all day however Id prefer to just say NJ has a better retirement plan, Flex has better overall compensation. Do with it what you will.....
#34
Gets Weekends Off
Joined APC: Apr 2016
Posts: 286
Whats confusing is when people feel the need to continually point out that the airlines have a better retirement…we know. Not everyone wants, needs or can go to a major. But thanks for your input.
#35
Line Holder
Joined APC: Sep 2018
Posts: 93
195 days per year is not realistic if you are on the 8/6 schedule (and my comparison was using both companies 8/6 schedule). So if we dont include ANY bonus money, Flex is at $156,000, NJ is at $79,000. If you want me to include FDP in NJ figures and not put bonuses in Flex figures, who is being dishonest? I have been as fair as I can with these figures, I am happy to adjust them but the problem with NJ soft money is it is VERY fleet dependent, it is VERY airplane dependent (get on a broken airplane, watch FDP drop) and best we can do is come up with some sort of average. We also havent talked about 2nd year pay where at Flex you can upgrade to CA and get to $193k (using 202 days, 15% bonus, $4,000 bonus, not including $18k deferred comp, per diem or parking) and NJ goes up by $6,000 to $86,000. So getting back to the original question, yes, Flex's retirement is not as good as NJ however they more than make up for it in other areas.
I never told you to use NJ bonus money but not flex bonus money, so that is a lie. But you are using 100% bonus pay out at flex and very few, if any, pilots at flex are getting 100% of the bonus. Meanwhile, you only use base pay for NJ. Maybe a better comparison would be actual number of days worked and W2 comparisons from real pilots at year 1, year 5, year 10, year 15, year 20 and year 25.
#36
Gets Weekends Off
Joined APC: Apr 2016
Posts: 286
I never told you to use NJ bonus money but not flex bonus money, so that is a lie. But you are using 100% bonus pay out at flex and very few, if any, pilots at flex are getting 100% of the bonus. Meanwhile, you only use base pay for NJ. Maybe a better comparison would be actual number of days worked and W2 comparisons from real pilots at year 1, year 5, year 10, year 15, year 20 and year 25.
#37
Line Holder
Joined APC: Feb 2021
Posts: 30
Flex's retirement is miles behind everyone else and you still have pilots on here defending it as "not that bad". Well if a difference of millions of dollars over the course of a career is "not that bad" I'd like to see your definition of bad. Oh but don't forget about that parking allotment!
#38
Gets Weekends Off
Joined APC: Apr 2016
Posts: 286
People point it out because not everyone truly understands the difference (not saying this is you). I've flown with pilots at Flex that legitimately believe they have the best pay and benefits in the industry because management constantly tells them that. Money isn't everything and I understand people will choose to stay in the Fractional world for a variety of reasons and there's nothing wrong with that. But they should know what they're missing out on financially (and QOL wise)
Flex's retirement is miles behind everyone else and you still have pilots on here defending it as "not that bad". Well if a difference of millions of dollars over the course of a career is "not that bad" I'd like to see your definition of bad. Oh but don't forget about that parking allotment!
Flex's retirement is miles behind everyone else and you still have pilots on here defending it as "not that bad". Well if a difference of millions of dollars over the course of a career is "not that bad" I'd like to see your definition of bad. Oh but don't forget about that parking allotment!
I am at NJ and am just trying to clarify with people that may be seeking the fractional career that just because flex first year or two pay is better that doesn’t mean it would be a better choice for a career. If it is just a stepping stone then maybe. I guess if paid parking is the deal breaker then do what you have to do. 😂
#39
Gets Weekends Off
Joined APC: Aug 2018
Posts: 234
I never told you to use NJ bonus money but not flex bonus money, so that is a lie. But you are using 100% bonus pay out at flex and very few, if any, pilots at flex are getting 100% of the bonus. Meanwhile, you only use base pay for NJ. Maybe a better comparison would be actual number of days worked and W2 comparisons from real pilots at year 1, year 5, year 10, year 15, year 20 and year 25.
For those of you looking for jobs, just read thru both Forums, which pilots are bitter and angry at their company, and which support it. Whichever you prefer to work for, I hope you find yourself working there, they are both great companies
#40
Line Holder
Joined APC: May 2019
Posts: 39
Just dont sit here and picket saying how poorly you are paid, while also saying you clearly are the highest paid.
For those of you looking for jobs, just read thru both Forums, which pilots are bitter and angry at their company, and which support it. Whichever you prefer to work for, I hope you find yourself working there, they are both great companies
For those of you looking for jobs, just read thru both Forums, which pilots are bitter and angry at their company, and which support it. Whichever you prefer to work for, I hope you find yourself working there, they are both great companies
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