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Old 02-03-2022, 12:31 PM
  #611  
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Originally Posted by DontLookDown
This was my rational for not becoming an airline pilot ten years ago when I first considered it.

I did the math…

You’re at work 24 hours a day for 16 days a month… approximately 4,600 hours a year.

Most regional pilots were making approximately $24,000 a year.

24,000/4,600= approximately $5 an hour.

I was making more money then that when I was 12 years old working on a farm. I decided there was better ways to spend my time. Many others my age in flight training agreed. A bunch of “would be” pilots walked away which is an often overlooked contributing factor to the current shortage. At least the industry has corrected itself and entry level wages have sky rocketed
Very little insight on this post. “I was going to become a surgeon but you only make chump change as a resident.”
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Old 02-03-2022, 12:43 PM
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Originally Posted by BcULstDaBlodyWr
max legal contribution between employee and employer to 401k is $57,000. That’s why you haven’t seen anyone say they’ve contributed 70k to their 401k.

I can tell you’re not employed by a major airline

Technically speaking, yes, however...

I think most major airline contract state what you go over on your 401(k) limit they will Cut you a check at the end of the year for.

I know for sure my airline has that. And if my airline has that I can bet you the other ones do
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Old 02-03-2022, 01:27 PM
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Originally Posted by BcULstDaBlodyWr
max legal contribution between employee and employer to 401k is $57,000. That’s why you haven’t seen anyone say they’ve contributed 70k to their 401k.

For 2021, the max was $58k, with the employee pretax max deferral $19.5k.
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Old 02-03-2022, 02:03 PM
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Originally Posted by OOfff
and yet, here you are trolling an airline pilot forum
Not trolling…

About half my graduating class stuck with the typical career airline path despite the job prospects. They are captains or first officers at airlines such as Delta, United, Spirit and JetBlue (that I know of). Some of them are def making close to 200K this year.

The other half of my class bailed for the military, Air Traffic Control, Corporate Aviation, Managing FBO’s/Airports or other random industries not related to flying at all.

Interestingly enough, a lot of us that bailed have wiped the dust off the commercial pilot cert and are either already at a regional
or about to be.
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Old 02-03-2022, 02:09 PM
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Originally Posted by FXLAX
For 2021, the max was $58k, with the employee pretax max deferral $19.5k.
i got $64500 in my 401k for 2021. 50+.
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Old 02-03-2022, 02:49 PM
  #616  
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Originally Posted by Halon1211
I can tell you’re not employed by a major airline

Technically speaking, yes, however...

I think most major airline contract state what you go over on your 401(k) limit they will Cut you a check at the end of the year for.

I know for sure my airline has that. And if my airline has that I can bet you the other ones do
Sadly UPS does not have this. We have a lot of nice compensation features, but this is sorely lacking. Well, technically its our B-plan that should have this overage payment, not the 401(k).
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Old 02-03-2022, 04:22 PM
  #617  
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Originally Posted by Grease
I’m sorry you’re having so much trouble with simple math. Approximately half of the days he worked, and approximately half the days he didn’t. 1/2 + 1/2 = 1. Where did you go to school? 🤣
Somewhere where they taught beyond 1/2 + 1/2 = 1. Get a job at Walmart and only work 1/4 of the year!!!!!
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Old 02-03-2022, 04:36 PM
  #618  
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Originally Posted by 135tankerdriver
i don’t understand why Pilots are only paid by flight hour. Sounds like you guys are working long days and should be getting time and a half or double time for anything over 8 hours a day. Also, by only getting paid by the flight hour you are effectively only getting a portion of that pay per actual hour worked. So you make 150 per flight hour but in essence I’m guessing you are making way less than that per hour on the clock.
We're not. We normally get paid block hour, from when we get off the gate (yeah. I know, release of brake, doors close, start of push), till we get back to the gate. We also normally get paid more if hours in uniform that day are more than double the time spent with the aircraft moving, and we get around 1 hour of pay, for every 3.5 hours from starting till ending a trip.

Having said that, I really think the industry standard should be;
Credit starts 30 minutes before scheduled departure, and ends 15 after scheduled/actual arrival (whatever is later) for every leg flown, individually. And keep all the other rigs.

Wouldn't help me, I fly 3/4 legs per day normally. But it definitely would help if you fly 5 legs a day.
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Old 02-03-2022, 06:20 PM
  #619  
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Originally Posted by Halon1211
I can tell you’re not employed by a major airline

Technically speaking, yes, however...

I think most major airline contract state what you go over on your 401(k) limit they will Cut you a check at the end of the year for.

I know for sure my airline has that. And if my airline has that I can bet you the other ones do
But for this thread that excess would be in your W2 as earnings so not in your 401k. You can’t account for it in both places
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Old 02-03-2022, 07:34 PM
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Originally Posted by dualinput
But for this thread that excess would be in your W2 as earnings so not in your 401k. You can’t account for it in both places
you are still getting paid for it. It just comes on a stub that says W2 and not 401(k)
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