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RFT 317: Airline Seniority

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Synopsis

From You’ve probably heard the saying, “seniority is everything.” Well, in the airline piloting business, that’s absolutely correct. Every day you’re not on the roster is another day someone else gets above you. Surely, seniority isn’t everything, right? Yes, it pretty much is. Let’s start with pay. The sooner you get hired, the sooner you can accrue longevity pay increases. Most airlines top out at 12- to 15-year pay, and you enjoy a raise on your hire date every year until you hit the top pay rate. Although the increases aren’t staggering, they are certainly meaningful, especially as a new hire. At the same time, however, most major airlines have some sort of retirement “B fund,” which is essentially a percentage of your salary that goes into a retirement fund. This is a significant benefit. If you make $100,000 in your third year, and the retirement B fund is 15 percent, the company pumps $15,000 into your retirement for that year. The higher your pay, the more money goes toward your retirement. In the las