401K Dues
10-18-2012, 08:47 PM
#21
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Joined APC: Nov 2005
Position: Recovering Airline Pilot
Posts: 459
Originally Posted by JoeMerchant
I don't really care what you think of the DPA, but this piece of information is correct...It is public record that this is what the President of ALPA makes....
10-18-2012, 09:11 PM
#22
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Joined APC: Apr 2007
Position: 320
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I wonder why instead of passing an amendment that says all 401k contributions are will not be charged dues. Instead they pass that they will be charged and lower the dues by .05% If the government says that they will make 401k's tax exempt why cant ALPA?
For the person who asked what is going on. ALPA is making all 401k contributions to be consider income and charge the normal dues starting on jan 1 2014. Current by laws say if your company has only a 401k retirement plan you are exempt from paying dues on that portion of your pay. If your company has more than a 401k available you will be charged the ALPA dues.
For the person who asked what is going on. ALPA is making all 401k contributions to be consider income and charge the normal dues starting on jan 1 2014. Current by laws say if your company has only a 401k retirement plan you are exempt from paying dues on that portion of your pay. If your company has more than a 401k available you will be charged the ALPA dues.
10-18-2012, 09:13 PM
#23
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Joined APC: Nov 2005
Position: Recovering Airline Pilot
Posts: 459
Originally Posted by tom14cat14
I wonder why instead of passing an amendment that says all 401k contributions are will not be charged dues.
10-18-2012, 09:35 PM
#24
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Originally Posted by PCL_128
Because a $7 million hit to dues revenue would require ALPA to drastically reduce services that are important to the membership.
10-18-2012, 10:02 PM
#25
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Joined APC: Dec 2007
Position: EMB 145 CPT
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Originally Posted by tom14cat14
I wonder why instead of passing an amendment that says all 401k contributions are will not be charged dues.
10-19-2012, 02:22 AM
#26
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Joined APC: Nov 2005
Position: Recovering Airline Pilot
Posts: 459
Originally Posted by tom14cat14
Do you know the number for taxing all 401k vs. not and how much they will loose from the dues drop? If you do know is there a place to look this up? Thanks for the input
10-19-2012, 03:33 AM
#28
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Joined APC: Mar 2010
Posts: 238
Am I correctly understanding that under the old rule, a pilot who had to contribute to his 401K in order to receive a company match had those contributions figured in as income for his dues calculation, while a different pilot who made the same contributions, but had no company match did not pay dues on his contributions?
Last edited by FixTheMess; 10-19-2012 at 03:44 AM.
10-19-2012, 05:43 AM
#30
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Joined APC: Nov 2005
Position: Recovering Airline Pilot
Posts: 459
Originally Posted by FixTheMess
Am I correctly understanding that under the old rule, a pilot who had to contribute to his 401K in order to receive a company match had those contributions figured in as income for his dues calculation, while a different pilot who made the same contributions, but had no company match did not pay dues on his contributions?
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