AllYourBaseAreB

That’s an interesting concept for the extra DC money for tax savings. Seems like everywhere else just pays it out as regular income. Do United guys like it?

cad320pilot

Hi Sluggo_63

When you see a doctor, everything is covered by the public health system. You just show your healthcare card.

The companies health insurance covers for dentist, and other stuff that is not covered by the public system ie. drugs, physiotherapist, psychologist, osteo, massage therapist, etc.

Cheers

Boeing Aviator

Yes and no. Retired military have government medical so many of them not so much. The list of approved expenses goes well beyond medical insurance so that’s a plus. Also if you and your spouse die (I believe except with certain exceptions) the balance goes back to. the pilot group and can’t be left to others in your will. Also you have no control of investment vehicle. The current fund for me (based on my age group) is somewhat conservative yielded just over 7.5% this year.

Other then that I think many do like it. My financial advisor says get as much as you can in there especially if you live 20 or more years post retirement. I currently have $220,000 mine. Hope to more then double in my 9 remaining years till age 65.

Recently our R&I committee negotiated some changes and some of the money can be used for approved current yearly medical expenses and to pay for employee insurance premiums.

TorqueWrench

I think it’s awful. They’re basically taking the excess money that should be going into our pockets. I’d much rather having the cash and invest it the way I want to. Some people may get unlucky and end up using all the RHA money, but at the same time most pilots retire at 65 and then use Medicare. So their medical costs in retirement are nowhere near the predictions you see on financial sites. They only tell you these big medical costs to scare you into investing more in THEIR funds, which benefit them.

Also the military folks like BoeingAviatior mentioned get royal screwed

4V14T0R

Yeah, that's a HARD pass. If you were able to pass it on then maybe.


Sent from my iPhone using Tapatalk

marcal

You we’re hired at uAL when you were 21?

BLAHBLAHBLAH

The Canadian guys that are posting is that number after taxes? No wonder so many Canadian guys come down to the US.

northernpilot70

Canada is pretty bad. In fact the tax rates are so high the UPS and Jazz pilots, both second year FOs, probably are taxed at the same rate (percentage wise in states with no state tax - e.g. Texas, Florida, Washington). So you have a cost of living significantly higher than the US and pay significantly lower. Ask almost any Canadian pilot what they would do if the border opens and a large majority would leave Canada as quickly as possible.

flyindutchman

Canadian Regional FO numbers before taxes:
2018- 29.4k USD
2019- 34.9k USD
2020- 34.2K USD (majority on government subsidies)

Ya'll hiring??

AYLflyer

I nearly spit out my coffee when I read the UPS numbers! Holy crap, good for you guys!

I don't know why everyone keeps complaining about covid, seems like it's been the best thing to happen to the airline world for a long time!