PSA "Latest & Greatest"
04-30-2017, 11:20 PM
#431
On Reserve
Joined APC: Dec 2016
Posts: 23
The 401k program is the first thing that you did not mention. I am wondering how would you compare the 401k retirement program to other regional airlines? From what you've heard, would you say it's an above average program? Does PSA match what you put in? Do they provide direct contribution? This is not a primary factor, I am just curious about their principle retirement program.
Years. Company Contribute. Company Match
6mos-5yrs: 1.5% of compensation 50% of 2%
5-7: 2% of compensation 50% of 4%
7-10: 2.5% of compensation. 50% of 8%
10+: 3.5 % of compensation 75% of 8%
401K Matching: Yes
As listed from the company information page of this website
05-01-2017, 04:10 AM
#433
Gets Weekends Off
Joined APC: Mar 2017
Posts: 566
Secondly, I know this question gets asked a lot however I'm still going to ask it. How does the flow through program to AAL stack up compared to the other WO? Is the six to seven year flow feasible?
Thank you in advance for taking the time to read and answer my questions.
05-01-2017, 07:02 AM
#434
Gets Weekends Off
Joined APC: Feb 2016
Posts: 470
Over the next six years there are 5000+ mandatory retirements at American Main Line. Right now there are ~4000 pilots at all the WOs combined (~ Envoy: 2000, PSA: 1400, Piedmont: 600). American says they are committed to bringing 50% of their new hires up through the flow, so of 4000 WO pilots, at least 2500 should go to American, just to cover mandatory retirement (5/8ths of current WO pilots). Envoys special agreement is winding down and then i think all three come under the same flow agreement (don't quote me, but somewhere around 5/mo + 1/mo for each 150 pilots over 425). The 6-6.5 year flow is certainly feasible, if the hiring and training pace can be maintained. :nerd:
One wonders if they just upped the flow if attrition would slow down......
05-01-2017, 02:03 PM
#435
Gets Weekends Off
Joined APC: May 2014
Posts: 281
Both ENY and PDT have better (read: higher percentage of the pilot group) flow agreements than hours. While it's true that flow time for a new hire at PSA is similar to PDT and ENY, that's driven by outside attrition as much as the flow.
One wonders if they just upped the flow if attrition would slow down......
One wonders if they just upped the flow if attrition would slow down......
05-01-2017, 04:37 PM
#437
Gets Weekends Off
Joined APC: Sep 2016
Posts: 755
And limitations do change. I think windshield heat has changed 3 times in 3 years.
05-01-2017, 07:52 PM
#438
Line Holder
Joined APC: Apr 2017
Posts: 55
They will send you the limitations you need to study in an email. If your class date is within a week and you don't have them yet, send them an email.
Sent from my iPhone using Tapatalk
05-02-2017, 04:31 AM
#440
Gets Weekends Off
Joined APC: Jul 2008
Position: Left
Posts: 1,809
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