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Old 09-17-2009, 06:17 PM
  #14751  
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Originally Posted by Wasatch Phantom
It seems to me that it is in our (individual) best interests to "max out" the IRS 415(c) limits. In other words, the IRS limits the maximum amount of tax deductible contributions to an individuals retirement account(s) and we should strive (if we are financially able to) to hit those limits.

Right now DAL makes a contribution to our defined contribution plan and to our 401K as well. For 2009 the 415(C) limit is $49,000 I don't know any DAL pilot that will hit that mark. (Maybe a few very senior dudes.)

What would be wrong with the notion that as individual pilots we could specify either a fixed dollar amount, or fixed percentage, per pay period so that we could as individuals take maximum advantage of the IRS rules and do the best we can to provide for our retirement?
I agree that maxing out retirement contributions is a big deal. As it was explained to me, what you want to do is prevented by IRS rules. There are more limitations than just the 415 limit you wrote about. There's one for maximum individual contributions (around $16K, I think?), and another one that limits the "qualified" amount of income from which you can make contributions. If you're over 50 you can make catch up contributions, which aren't included in any of the limits. Once you hit any of those limits I think you're done.

The R&I folks are doing seminars at all the pilot bases during the next 3 weeks. This would be a great question to ask them

Originally Posted by Wasatch Phantom
I certainly hope that the defined contribution percentages are increased in our next contract, but as one who: a.) Hates paying taxes, and b.) wants to do all I can to fund my retirement, this seems like a good idea.
I agree on getting the percentages up. We get a 1% bump each year up to 14% in 2012, but that's only 3% better than AMR's B plan pays in addition to their 1.25% per year A plan. It's not enough, in my view. Still, when you compare it to everybody elses numbers on the main page of this site, it's not bad. UAL gets 16%, but LUV's is only 7.3%. CAL gets 12.75% plus a frozen pension. Airtran is 10.5%, and JetBlue only has a match up to 5%. Everybody else's numbers will make it more difficult to raise ours, but we should at least equal UAL in my view.
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Old 09-17-2009, 06:28 PM
  #14752  
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Originally Posted by acl65pilot
Try SYD, now that is a mess!
Been to SYD a few times, and Nairobi, and New Dehli. The REAL mess is JFK and/or LGA. I give the international folks a small pass. Having the same F-ed up experiences stateside is unacceptable. I wonder what the Quantas, BA, Lufthansa guys think about us. Good Lord,we're bad. LAX, my home, does a pretty good job. When a DAL flight comes into LA these days, however, we block into terminals 5 or 6 and the crew, pax, et al, have to be bussed over to terminal 2 for customs. What a CF! The crew is ****ed and the pax are more ****ed. Can't the "world's largest airline" cut a better deal regarding customs? One would think so. Its embarrassing.
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Old 09-17-2009, 06:37 PM
  #14753  
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Originally Posted by buzzpat
Been to SYD a few times, and Nairobi, and New Dehli. The REAL mess is JFK and/or LGA. I give the international folks a small pass. Having the same F-ed up experiences stateside is unacceptable. I wonder what the Quantas, BA, Lufthansa guys think about us. Good Lord,we're bad. LAX, my home, does a pretty good job. When a DAL flight comes into LA these days, however, we block into terminals 5 or 6 and the crew, pax, et al, have to be bussed over to terminal 2 for customs. What a CF! The crew is ****ed and the pax are more ****ed. Can't the "world's largest airline" cut a better deal regarding customs? One would think so. Its embarrassing.
I agree, and we need to do something about it. The hrs are limited, and to add to it is really expensive.

Last edited by acl65pilot; 09-18-2009 at 03:36 AM.
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Old 09-17-2009, 06:39 PM
  #14754  
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Originally Posted by slowplay
I agree that maxing out retirement contributions is a big deal. As it was explained to me, what you want to do is prevented by IRS rules. There are more limitations than just the 415 limit you wrote about. There's one for maximum individual contributions (around $16K, I think?), and another one that limits the "qualified" amount of income from which you can make contributions. If you're over 50 you can make catch up contributions, which aren't included in any of the limits. Once you hit any of those limits I think you're done.

The R&I folks are doing seminars at all the pilot bases during the next 3 weeks. This would be a great question to ask them



I agree on getting the percentages up. We get a 1% bump each year up to 14% in 2012, but that's only 3% better than AMR's B plan pays in addition to their 1.25% per year A plan. It's not enough, in my view. Still, when you compare it to everybody elses numbers on the main page of this site, it's not bad. UAL gets 16%, but LUV's is only 7.3%. CAL gets 12.75% plus a frozen pension. Airtran is 10.5%, and JetBlue only has a match up to 5%. Everybody else's numbers will make it more difficult to raise ours, but we should at least equal UAL in my view.
Agree, but we can get as many people as close to the IRS limits as possible. Right now a FO will get less than half way there a year and a CA will get about 12K short of it. I think that we should find a way to a) up the percentage, or b) make it a fixed number like CA's get X and FO's get X a year. Of course it needs to be legal.
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Old 09-17-2009, 06:45 PM
  #14755  
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Originally Posted by scambo1
I think it was nuguy that broke the code. UAL's 5th freedom rights isn't being discussed yet, but it must come up soon.

What are the pieces we know are in play or potentially - AA's jfk gates, USAir's dca gates, DAL's BOS terminal, USAir's mainline RJs, etc.

What are the essential components for US carriers vis a vis Japan: DAL 5th freedom, UAL 5th freedom and now JAL. It is possible Haneda was Japans chip to get investors interested in JAL.

Put yourself in the seat at the boardroom - which of those pieces are important to get? Which ones are you legally unable to get? Which are you able to play against a major competitor to make his life difficult? Can you live without one or all of them? Can they?

Is DAL in a position of power here? What does Dal need to do to get into the power seat?

I am interested in seeing where all of this goes. Its like we have a front row seat at the orgy of egos. Things are happening in this industry at the fastest pace I have seen in a long time. It doesn't add anything to my paycheck, but it is pretty rivetting stuff.

Scambo
I think that UAUA's Fifth Freedom stuff is in play it just has not hit the news yet.
DAL is doing quite well with this, and there are only a few things we want. JAL may or may not be the end game. Getting other airlines to pay way more than they planned or needed to is part of the game too. This little "leak" in effect has given JAL the ability to pit offers form airlines and investors a like and not have to offer what they initially would of in return. Good for them. Question is who needs JAL more?

As for AMR's T-8 in JFK, it is an easy option and the cleanest for DAL. A first choice for sure. There is another option that is ready to be penned and put forth as well. It is always good to have a plan B.

I see these added flights as a shot over DAL bow, and I am betting that we see DAL answer with a return volley. Maybe in DFW, maybe NYC, probably both. You saw today that DAL started a code share with Olympic. It is getting interesting, and the fact is that these two carrier are going to take over a lot of real estate if the others do not show up suited up and ready to play in short order.

I agree fun to watch, especially if you are on one of the winning teams.
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Old 09-17-2009, 07:14 PM
  #14756  
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Originally Posted by buzzpat
Good Lord,we're bad. LAX, my home, does a pretty good job. When a DAL flight comes into LA these days, however, we block into terminals 5 or 6 and the crew, pax, et al, have to be bussed over to terminal 2 for customs. What a CF! The crew is ****ed and the pax are more ****ed. Can't the "world's largest airline" cut a better deal regarding customs? One would think so. Its embarrassing.
Is this for real? LAX used to have a nice enough customs facility under terminal 5. It handled our Frankfurt, Tokyo, and Mexico flights with two baggage carousels. It let out under the escalator on the lower level of 5. Last time I went through there was around 2000 (727 days), however.

The only time we had to go to Bradley terminal was when we got in real late from Mexico due to a mechanical. I think our customs shut down at 10pm.

Last edited by slowplay; 09-18-2009 at 03:09 AM.
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Old 09-17-2009, 07:33 PM
  #14757  
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Originally Posted by slowplay
Is this for real? LAX used to have a nice enough customs facility under terminal 5. It handled our Frankfurt, Tokyo, and Mexico flights with two baggage carousels. It let out under the escalator on the lower level of 5. Last time I went through there was in 2000, however.

The only time we had to go to Bradley terminal was when we got in real late from Mexico due to a mechanical. I think our customs shut down at 10pm.
The problem with LAX is that custom at terminal 5 only opens at a certain period of time, i.e. 9am to 7pm, weekend times are different. If you arrive early, you can't pop the door open, if you arrive too late, you'll be bussed to Bradley. Aeromexico always has to be bussed because they arrive in late pm. Also, i hope the CBP isn't listening, but the officers at t5 aren't the friendliest around, even to crews. However, at Bradley they are much more polite and efficient.

I truly hope we'll fix this problem as we continue our "west coast expansion"...
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Old 09-18-2009, 02:42 AM
  #14758  
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Originally Posted by buzzpat
Can't the "world's largest airline" cut a better deal regarding customs? One would think so. Its embarrassing.
Now managed by some of the worlds biggest skinflints. A hallmark of NWA was all gates were the furthest from security as physically possible at non-bases because the rent's cheaper.

These are the same guys (not urban myth) who in the past took the doors off of (Co.) bathroom stalls so employees did not linger on the crapper and had all aircraft barf bags dark blue so pax did not take them to use as note paper.

Last edited by Fly4hire; 09-18-2009 at 02:57 AM.
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Old 09-18-2009, 03:04 AM
  #14759  
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Originally Posted by Fly4hire
These are the same guys (not urban myth) who in the past took the doors off of (Co.) bathroom stalls so employees did not linger on the crapper.
Seriously??? You guys had to crap in like you were in prison???
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Old 09-18-2009, 03:16 AM
  #14760  
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Originally Posted by DeadHead
Seriously??? You guys had to crap in like you were in prison???
That was under Donald Nyrop (ret. 78') but it was true.
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