Originally Posted by brakechatter

As always, your numbers are significantly off. I'm not sure why you feel the need to come on here and blast away with incorrect data, but I highly suspect a narcissistic obsession to try and "prove" you were right, or connected, or the self-annoited voice of reason. Very "airline piloty" of you. Out of all of this, 25% DC and 260 hours (also incorrect) is what you are down to? Oh sorry, there's the 3 billion plus and 150 million (also wrong) one time payment. Never mind a completely egoistic flight ops leadership (replaced midstream) who didn't realize that despite full retro in C2015, they weren't supposed to stall negotiations. Never mind the single most (real or manufactured) devastating economic event ever, never mind the absence of concessionary bargaining during said time, never mind the usual complete lack of any support within the industry for pattern bargaining, never mind the simultaneous parallel global scope agreement (shoutout to the former ATL Chairman for forcing the hand) which benefits the Company exactly "zero" but finally secures wide body job protections with teeth without having to go through a very biased RLA grievance process. Never mind the sheer number of items (many of which are undoing the concessions of the past) achieved in this contract, and never mind having to navigate all of this this with a social media obsessed MEC (and one MEC chairman) - some of whom were bound and determined to scorch earth in any way possible to ensure a complete failure of anything and everything.

.

Originally Posted by tennisguru

The one-time payment is not pensionable by the company and you cannot contribute any of it to your 401k, but it also does not count against the income limit (330k?) for 401k contributions. Because of this I would think there is no need for an election tool.

Originally Posted by Bainite

NH Noord is a 15 min walk to the free ferry over to downtown. Also a nice little area of shops and restaurants with nice park near the hotel. I never understood the problem with it?

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.

Originally Posted by brakechatter

As always, your numbers are significantly off. I'm not sure why you feel the need to come on here and blast away with incorrect data, but I highly suspect a narcissistic obsession to try and "prove" you were right, or connected, or the self-annoited voice of reason. Very "airline piloty" of you. Out of all of this, 25% DC and 260 hours (also incorrect)

Originally Posted by Gone Flying

Unless someone has seen somewhere 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.

Originally Posted by Gone Flying

I guess I missed something. We can’t put our own money from the one time payment into our 401k? Where did you see this? Was there a reason?

Originally Posted by hockeypilot44

This is what I expect. What happens might be completely different. Surprised there hasn’t been guidance put out yet by company.

Originally Posted by tennisguru

I think it has to fully one way or the other for IRS purposes. If we want to put some of it into our 401k then the whole amount has to count towards the contribution income limits. Since we're not getting company DC on it that sets us back as someone could hit the 330k cap on earnings before getting their full 66k 415c allotment in there. Not being able to add money to your 401k keeps it cleaner since that money also won't count towards the 330k income cap on contributions.

Originally Posted by Gone Flying

that makes sense, bummer tho.