Yours still goes by percentage?Top rate does vary slightly from region to region and may depend upon whether contractual raises have been diverted to the pension or H&W funds.
For drivers hired after 2013, the progression is now 4 years. You start at 75% of top rate and go up in 5% increments until you are at 90% of top rate in year 3. The final jump to top rate at year 4 will be the most significant (upwards of $11/hour or more).
The ideal would be to budget based on the 75% and divert everything beyond that to your 401k.
Once I hit top rate that 401k is getting maxed. People don't realize that even though you see a weekly paycheck deduction, that money is still yours. I treat my 401k like a beautiful woman I can't have. Look but don't touch. Then when by the time she's old & withered I'll be rich
Yours still goes by percentage?
Here it's just set amounts per year. So gets less of a percentage the deeper you get into the contract.
...and to think. Those people vote on our contracts...Perhaps a review of the contract is in order for some of you....
...and to think. Those people vote on our contracts...
75% is so 1980's.I thought it was still by percentage. My bad.
...and to think. Those people vote on our contracts...
All the more reason to have my assets liquid, upstate.