EK end of service.
 

The EK Career website seems to be very clear, but is there anybody who can clarify this, end of service benefit.

Rgds .84

Not Much
 

It is not even worth worry about because it is so low. You can't even buy a used car with your EOSB. Just another benefit of slaving for Emirates. Keep Recovering!

B fund is yours but you only get it when you leave. C fund is voluntary and available anytime. A fund is company contribution and providing you stay long enough you get it when you leave.

OR

You get the mandatory Gov't guarantee, whichever is greater AND B and C fund.

Not quite correct. The B and C funds are your money, which you contribute to and take when you leave. The A fund is the fund where company contributions are placed, you take 50%, 75% or 100% of this when you leave depending on your period of service.

Should buy a nice bottle of wine if you leave it stew long enough.

Don

Edited to say...oops, this is what Canadiansk is saying. I no speaker de english good.

Forget about the C fund, most of us don't have it. It's an alternative way to save money. You have the companies contributions A fund and your B fund. You get a percentage of A ( 75% after 5 years, 100% after 7 ) and all of the b fund no matter when you leave. After 7 years you might be able to buy yourself a nice boat, and maybe a sail....:O

saltaire...........

Boat AND sails at 7 years. :eek:

Are you sure about that? I always thought that if you want sails too, then it's going to extend you out a few more years past the 7.

with the boat does the fancy GPS come after 1 or 2 years extra service, or will I have to serve another 5 to get the Wake-Tower;)

Dooner:ok:

Basically, the EOSB is the LEGAL MINIMUM the company needs to give you when you leave. The A fund should cover this, but in case your A fund underperforms quite a lot, the company has to give you extra money to match up with the EOSB.

Don't worry about it, it's peanuts...

MR8

Your end of service benefit is also in USD so if you are leaving to go back to Europe, Oz or just about anywhere else in the world you will also be screwed on the exchange rate. :uhoh:

Thanks guys.

I have heard rumors that it should be one mio US dollars, so ill keep on dreaming.:bored:

Anything about a payrise in the near furture?


Thanks .84

The old ten year $1 000 000 USD trick eh. I've now heard the rumour so many times that you would have to believe the recruiters spread it. It's rife among the QF and VB set and I've even been told that it's being peddled around CX.
I've been here nine years and the provident fund is worth slightly better than a 1/6 th of that. The Arab gents who own EK are tight as fish's bums (when it comes to business) and there is no chance in the world that you will get that kind of cash after ten years in the land of sand.

So, what is the money like ? in reality, thinking about cost of living etc, all things considered, free house etc, surely that is worth alot ?

It is of course worth pointing out that there is a very good pension scheme after you finish up. It is something like 75% of your wage for life. Pity it is only for Arab pilots. Back when there were pilot meetings the fleet management were directly questioned about this and refused to answer. All locals in Govt jobs (including EK) get it.