Originally Posted by
ex402dvr
Did you actually ready anything other than the 1.95%?
Before you respond to a post perhaps it would be best were you to read the entire article. I know exactly where my dues will be going with ALPA, but I have no idea where our current assessment from the Teamsters is going or how much is in the account.
Pay attention:
The OCF account allocation (4.5% of the 1.50% of operating income) primarily provides funds to smaller pilot group MECs during times of financial need, usually as a result of contract negotiations. Grants from ALPA's Major Contingency Fund (currently valued at $81 million) are also available for these purposes. A large portion of the OCF is allocated in advance to the smaller pilot groups' MECs during the budget preparation process based on anticipated negotiating schedules and other special needs. A portion of the OCF is also set aside for contingencies and other special needs of the union.
Yes I read that. It's controlled by ALPA (not you) and they aren't going to advertise that they'll pull the plug on it when in their opinion it's no longer a good investment.