Originally Posted by
tennisguru
Yes, I was only talking about the one-time payment, which is the 2020-2022 "retro". It has been stated elsewhere that the back pay to Jan 1 of this year will be pensionable and will also have whatever your normal 401k deduction set to drawn from it. I also don't see the reason why the company would make an election tool for this.
So, we will be getting 4 checks this month:
15th/30th normal paychecks
One time payment of 4/4/14 2020-2022 earnings. Not pensionable, no personal 401k contributions. I'd also assume no HSA deductions. Supplemental tax rate of 22% federal + all applicable SS/medicare/state/local taxes + ALPA dues taken out,
Retro payment of new pay rates applied to Jan and Feb earnings. Pensionable and will deduct your normal 401k contribution percentage.
Unless someone has seen a different timeline, I'm expecting 3
-15th
-31st
- the one for the one time payment (2020-2022)
im assuming the 15th will have the difference for our February retro in it, since it is our flight pay for February, with the possibility they will just put the difference for January on that check as well.