Originally Posted by
fedupbusdriver
What motive would the company have to not call this payment a COLA?
Wouldn't it be tax free if it was a COLA? You would think that the company would want the money to go as far as it can towards making someone's QOL at an FDA less of a burden. If they don't call it a COLA, do they get to write it off differently? Does it come out of a different pot of money?
I realize that the union doesn't want it to be a COLA, because they won't get their piece of the pie. I also realize that if it is a COLA then it is not pensionable, but I would think that tax free would be the way to go for everyone (except ALPA).
Someone please enlighten me.
When living in a foreign country, only a portion of your income is taxable to the US Government (on the order of $100,000). I don't think any foreign country is going to care if it's a COLA or whatever--it's all income to them!!!
I think you conspiracy theorists need to wait until the LOA actually comes out before you completely bash the union.