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FedEx High Five calculation

Old 04-19-2015, 11:53 AM
  #1  
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Default FedEx High Five calculation

At the end of the year, our last "pay stub" lists the year totals of our various types of pay. Which types are not included in our "high five" retirement calculation?

I know per diem is not included, but are sick bank buy back and vacation buy back included? Any other pay types not included?

Thanks.
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Old 04-19-2015, 12:01 PM
  #2  
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Originally Posted by LightAttack View Post
At the end of the year, our last "pay stub" lists the year totals of our various types of pay. Which types are not included in our "high five" retirement calculation?

I know per diem is not included, but are sick bank buy back and vacation buy back included? Any other pay types not included?

Thanks.
take a look into the PBB, all the types of income that count are listed in the retirement section.
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Old 04-19-2015, 01:31 PM
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Eligible earnings include, but are not limited to the following:
• All credit hours, including but not limited to:
–Draft
–Volunteer
– Trip make-up for which you receive pay
– International Override
– Passover Pay (POP)
• Premiums for:
– Flex Instructors/Proficiency Check Airmen (PCA)
– Line Check Airmen (LCA)
– Flex Flight Standards Check Airmen (SCA)
– Flight Project Specialist (FPS)
– Technical Advisor/Aircraft (TAA)
– Passover Retro Pay (POR)
– FAA Designee (FAA)
• Sick leave hours drawn from your sick banks (except non-taxable hours drawn from
your Occupational Illness/Injury Sick Bank on or after January 1, 2007, as a result
of a worker’s compensation illness or injury)
January 2013 Pension Plan and Non-Qualified Plans R-11
Pilot Benefit Book
• Amounts distributed from the Pilots’ Retirement Savings Plan’s unused Sick Bank
Account because of the limits imposed by Section 415 of the IRC
• Past Profit Sharing paid in cash*
• Vacation pay
• Signing bonuses paid in 2006 and 2007
• Lump Sum bonus paid in 2011
• Vacation buybacks
Eligible earnings include pay prior to deductions, e.g. pre-tax health care, dependent
care and your PRSP Pre-tax/401(k) contributions.
*Effective June 1, 1999, Pilots are ineligible to receive allocations of Profit Sharing
contributions.


Exclusions from eligible earnings include, but are not limited to:
• Domestic and International Per Diem
• Long Term Disability payments
• PRSP Employer Matching contributions
• PRSP Sick Bank contributions
• PMPPP contributions
• Excess Life Premiums
• Earnings above the IRS compensation limit (earnings above the IRS compensation
limit are covered under the Compensation Limit Plan)
• Reimbursed expenses
• Non-taxable amounts from a Pilot’s Occupational Illness/Injury Sick Bank (OII) on
or after January 1, 2007, as a result of a worker’s compensation illness or injury
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Old 04-21-2015, 06:24 PM
  #4  
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Originally Posted by KnightFlyer View Post
Eligible earnings include, but are not limited to the following:
• All credit hours, including but not limited to:
–Draft
–Volunteer
– Trip make-up for which you receive pay
– International Override
– Passover Pay (POP)
• Premiums for:
– Flex Instructors/Proficiency Check Airmen (PCA)
– Line Check Airmen (LCA)
– Flex Flight Standards Check Airmen (SCA)
– Flight Project Specialist (FPS)
– Technical Advisor/Aircraft (TAA)
– Passover Retro Pay (POR)
– FAA Designee (FAA)
• Sick leave hours drawn from your sick banks (except non-taxable hours drawn from
your Occupational Illness/Injury Sick Bank on or after January 1, 2007, as a result
of a worker’s compensation illness or injury)
January 2013 Pension Plan and Non-Qualified Plans R-11
Pilot Benefit Book
• Amounts distributed from the Pilots’ Retirement Savings Plan’s unused Sick Bank
Account because of the limits imposed by Section 415 of the IRC
• Past Profit Sharing paid in cash*
• Vacation pay
• Signing bonuses paid in 2006 and 2007
• Lump Sum bonus paid in 2011
• Vacation buybacks
Eligible earnings include pay prior to deductions, e.g. pre-tax health care, dependent
care and your PRSP Pre-tax/401(k) contributions.
*Effective June 1, 1999, Pilots are ineligible to receive allocations of Profit Sharing
contributions.


Exclusions from eligible earnings include, but are not limited to:
• Domestic and International Per Diem
• Long Term Disability payments
• PRSP Employer Matching contributions
• PRSP Sick Bank contributions
• PMPPP contributions
• Excess Life Premiums
• Earnings above the IRS compensation limit (earnings above the IRS compensation
limit are covered under the Compensation Limit Plan)
• Reimbursed expenses
• Non-taxable amounts from a Pilot’s Occupational Illness/Injury Sick Bank (OII) on
or after January 1, 2007, as a result of a worker’s compensation illness or injury

Thanks, KnightFlyer. Appreciated.
LightAttack is offline  
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