NetJets pilots engaged in a mid-term bargaining effort and got a Tentative Agreement that includes;
-Increases in 401(k) match to 63% over the life of the Agreement
-Creates a Non-Discretionary Contribution 401(k) Mechanism which allows additional funds to be added outside of the 2019 $19,000 IRS Limit
-Keeps Company Paid Health Insurance at Current Level
-Base Pay Increases
-New Flight & Duty Pay Program that pays per tour - if a pilot flies over 12.1 hours in a tour any additional hours flown are paid at $118/flight hour
-Night Flight & Duty Pay Override of $50/hour
All current OT provisions still apply and compound
-Signing Bonus of $150 per month/service up to $30,000
-Increases in 401(k) match to 63% over the life of the Agreement
-Creates a Non-Discretionary Contribution 401(k) Mechanism which allows additional funds to be added outside of the 2019 $19,000 IRS Limit
-Keeps Company Paid Health Insurance at Current Level
-Base Pay Increases
-New Flight & Duty Pay Program that pays per tour - if a pilot flies over 12.1 hours in a tour any additional hours flown are paid at $118/flight hour
-Night Flight & Duty Pay Override of $50/hour
All current OT provisions still apply and compound
-Signing Bonus of $150 per month/service up to $30,000