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[Positive Impacts of CBA 2022]
11-07-2022 | 02:38 PM
#31
Gets Weekends Off
Joined: Apr 2015
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From: 737 FO
11-07-2022 | 08:23 PM
#32
On Reserve
Joined: Sep 2022
Posts: 20
Likes: 0
It is “pay only” so yes. If you don’t break guarantee then you will still receive 5 hours of pay extra for having a reserve day on a holiday. No need to be assigned a trip.
11-08-2022 | 03:35 PM
#33
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Joined: Nov 2020
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11-12-2022 | 12:29 AM
#34
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Joined: Dec 2005
Posts: 9,348
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Am I correct to read that the company 16% is only on the first 306K, and that anything over that will result in a one-time payout on Dec 31 as additional money? If so, then for a lot of CAs is that 33 grand check mean another $5,280 on Dec 31 as ER Contribution AS Pilot? Don't know if I did that correctly. I took it to mean if you make above 306k, you’re getting another 16% as normal cash.
11-12-2022 | 03:14 AM
#35
Line Holder
Joined: Jul 2022
Posts: 298
Likes: 16
Am I correct to read that the company 16% is only on the first 306K, and that anything over that will result in a one-time payout on Dec 31 as additional money? If so, then for a lot of CAs is that 33 grand check mean another $5,280 on Dec 31 as ER Contribution AS Pilot? Don't know if I did that correctly. I took it to mean if you make above 306k, you’re getting another 16% as normal cash.
11-12-2022 | 02:05 PM
#36
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Joined: Nov 2019
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[QUOTE=ShyGuy;3530473]Am I correct to read that the company 16% is only on the first 306K, and that anything over that will result in a one-time payout on Dec 31 as additional money? If so, then for a lot of CAs is that 33 grand check mean another $5,280 on Dec 31 as ER Contribution AS Pilot? Don't know if I did that correctly. I took it to mean if you make above 306k, you’re getting another 16% as normal cash.[/QUOTE
306,000 is an IRS limit….Changes every year. There is an adjustment at the end of the year for that. Not in that plan so have never seen it but I hear about it. The term might be “cash over cap”
306,000 is an IRS limit….Changes every year. There is an adjustment at the end of the year for that. Not in that plan so have never seen it but I hear about it. The term might be “cash over cap”
11-12-2022 | 03:30 PM
#37
Gets Weekends Off
Joined: Dec 2005
Posts: 9,348
Likes: 331
Thanks for the clarification. So the 33k isn’t going to include the retirement contribution, but the 33k does go towards the 306k cap, correct? Essentially hitting the cap sooner and therefore getting more cash over cap?
11-13-2022 | 01:22 PM
#38
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Joined: Dec 2012
Posts: 2,753
Likes: 57
You really don’t want to hit the salary cap limit without hitting the employee/employer cap first. If you do it stops contributions before hitting the employee/employer limit and your cash over cap is taxed (at a high rate as it’s presumably going to be over 306k or higher in 2023). I’m not 100% on that but you might want to verify with your R and I reps. Personally, I simply bumped my contribution % on normal payroll before receiving retro so that wouldn’t happen.
Last edited by fcoolaiddrinker; 11-13-2022 at 01:43 PM.
11-13-2022 | 03:30 PM
#39
On Reserve
Joined: Apr 2007
Posts: 173
Likes: 1
Shy, the 33 will not count towards your 306K cap. Same as your PBP, neither count towards the cap.
11-15-2022 | 09:08 AM
#40
Line Holder
Joined: Oct 2005
Posts: 706
Likes: 19
From: Furloughed
Question about the ADG. If I have a 3 day. First day is 7.5 block. Day 2, 6.5 block. Day 3, 2.0. The total for the trip is 16.0 hrs. Do I get the 5:15 for day 3 to bump up the total or since all 3 days combined is 15:45 (each day 5:15 x 3)? I only get the 16.0? Or on day 3, 5:15?
Thanks.
Thanks.
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