Retro Pay Question
12-01-2016, 08:07 PM
#1
Gets Weekends Off
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Joined APC: Sep 2008
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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
#2
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Posts: 202
Originally Posted by Denny Crane
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
Works Every Weekend
Joined APC: Dec 2007
Position: 737 ATL
Posts: 3,506
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
#4
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Joined APC: Sep 2014
Posts: 4,909
Originally Posted by Check Essential
It would be interesting to know how big ALPA's retro check is going to be.
Mega million$ -- sent into the black hole in Herndon.
Its seriously time to lower our dues rate.
Mega million$ -- sent into the black hole in Herndon.
Its seriously time to lower our dues rate.
12-02-2016, 05:21 AM
#6
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Position: stake holder ir.delta.com
Posts: 10,027
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
Joined APC: Dec 2007
Position: 737 ATL
Posts: 3,506
Originally Posted by notEnuf
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
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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