Retro Pay Question
12-01-2016 | 08:07 PM
#1
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From: Kickin’ Back
Retro Pay Question
As far as retro pay is concerned, I realize that Alpa will be taking dues out of the 18%. My question is: If you are getting the 15% retirement contribution in pay now because you have reached the 415c limit, does Alpa deduct dues out of the retirement contribution portion of the retro check? I wouldn't think so but I don't know for sure.
Denny
Denny
12-01-2016 | 08:27 PM
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As far as retro pay is concerned, I realize that Alpa will be taking dues out of the 18%. My question is: If you are getting the 15% retirement contribution in pay now because you have reached the 415c limit, does Alpa deduct dues out of the retirement contribution portion of the retro check? I wouldn't think so but I don't know for sure.
Denny
Denny
12-02-2016 | 03:50 AM
#3
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From: 737 ATL
After you hit the 415 limit the excess comes as ordinary income. ALPA takes their cut.
It would be interesting to know exactly how big ALPA's "retro check" is going to be.
Mega million$ -- all dumped into the black hole in Herndon.
Its seriously time to lower our dues rate.
It would be interesting to know exactly how big ALPA's "retro check" is going to be.
Mega million$ -- all dumped into the black hole in Herndon.
Its seriously time to lower our dues rate.
12-02-2016 | 03:51 AM
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12-02-2016 | 05:21 AM
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From: ir.delta.com
18% of $3.5B payroll is $630M
1.95% of $630M retro is $12,285,000.
$12M(ish) is my guess.
OR
Per ALPA $562.3M value add for 2016 which is retro pay.
1.95% of $562.3M is $10,964,850.
At least $11M
1.95% of $630M retro is $12,285,000.
$12M(ish) is my guess.
OR
Per ALPA $562.3M value add for 2016 which is retro pay.
1.95% of $562.3M is $10,964,850.
At least $11M
Last edited by notEnuf; 12-02-2016 at 05:32 AM.
12-02-2016 | 06:23 AM
#9
Works Every Weekend
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From: 737 ATL
I was going to say $10 million just as a wag.
What is ALPA going to do with $10 or $12 mil of windfall money?
I suppose the lawyers will find a way to get it. They always do.
Either that or there's gonna be one helluva Christmas party up there in DC this year.
Thank You Delta Pilots !!!
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