Search found 8 matches

by gearDown2green
Wed Dec 24, 2014 4:52 am
Forum: Air Canada
Topic: Say your hired by age 40....
Replies: 21
Views: 8380

Re: Say your hired by age 40....

Except that to be able to get 24.000/year in your plan you need a gross income of 145.000$

Not happening the first 10 ??? Years
by gearDown2green
Tue Dec 23, 2014 8:00 pm
Forum: Air Canada
Topic: Say your hired by age 40....
Replies: 21
Views: 8380

Re: Say your hired by age 40....

As of my understanding of compound interests I would put it simply this way : Based on a fix 7% rate of interest a year and on the previous average wages : Total in your DC plan would be roughly : Year 1-2 : 6000 x (1,07^24).[1 + 1,07] + Year 3-4 : 9000 x (1,07^22).[1 + 1,07] + Year 5 : 13500 x 1.07...
by gearDown2green
Tue Dec 23, 2014 6:44 pm
Forum: Air Canada
Topic: Say your hired by age 40....
Replies: 21
Views: 8380

Re: Say your hired by age 40....

If I understand correctly the amount that goes into the DC plan every year is based on your annual gross income. So I just wrote roughly what you may expect to put and to get from the company in 25 years because it depends on (too) many things. And I definitely can not talk about compound interest b...
by gearDown2green
Tue Dec 23, 2014 4:46 pm
Forum: Air Canada
Topic: Say your hired by age 40....
Replies: 21
Views: 8380

Re: Say your hired by age 40....

So if you got hired at 40 and don't lose your medical until 65 ... It's hard to tell precisely but based on a totally random average :mrgreen: of 50.000$ the first 2 years 60.000$ years 3-4 90.000$ year 5 130.000$ the next 10 years 190.000$ the last 10 years Assuming you top your DC plan to the max ...
by gearDown2green
Mon Jun 02, 2014 1:41 pm
Forum: Jazz Aviation LP - Air Canada Express
Topic: Renegotiating with Air Canada
Replies: 223
Views: 52240

Re: Renegotiating with Air Canada

ah ah ah ... Can't believe it !!! You guys actually love your situation : you complain all the time but never do anything about it, Stop being so complacent for christ sake ! It's crazy that you guys actually believe in what you write ! Years ago, some people started revolutions because they were ti...
by gearDown2green
Sun Feb 09, 2014 7:42 pm
Forum: Air Canada
Topic: Air Canada Pool
Replies: 1316
Views: 393894

Re: Air Canada Pool

Aaaaaand you don't really get this job right off the street
like you mentioned ... Best case scenario is more 3 to 5 years ...
Never for some ...
by gearDown2green
Sun Nov 17, 2013 10:12 am
Forum: Air Canada
Topic: Making a great Salary now, should I move?
Replies: 63
Views: 17417

Re: Making a great Salary now, should I move?

I'm kinda having the same dilema here ... If you pur things in perspective, the 6 first years your gross at AC or LCC will be around 360.000 Meanwhile you could be living with your family and making up yo 600.000 depending on your pay increase ... So that's already a huge difference if you are in yo...
by gearDown2green
Fri Nov 08, 2013 8:08 am
Forum: Air Canada
Topic: Summary
Replies: 6
Views: 3072

Summary

Hey, I've been trying to read a lot about Mainline, Rouge, wages, seniority, Pension plan, but it looks like everyone has a different perspective on the subject ... I'm 43 with 2 kids, and it's like I have been dreaming since I was a kid to fly at AC, but now, I'm wondering if joining AC would reall...

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