Thread: 401K Dues
View Single Post
Old 10-19-2012 | 05:43 AM
  #30  
PCL_128's Avatar
PCL_128
Gets Weekends Off
 
Joined: Nov 2005
Posts: 460
Likes: 0
From: Recovering Airline Pilot
Default

Originally Posted by FixTheMess
Am I correctly understanding that under the old rule, a pilot who had to contribute to his 401K in order to receive a company match had those contributions figured in as income for his dues calculation, while a different pilot who made the same contributions, but had no company match did not pay dues on his contributions?
No, not quite. The company match isn't the issue. The problem was that a pilot who contributed to his 401k at an airline that didn't have a second retirement plan would only be paying dues on his after-401k income, while a pilot who didn't contribute to his 401k would be paying dues on his gross income. So two pilots at the same airline making the same gross income could be paying different effective dues rates.
Reply