401K Dues
10-18-2012 | 08:47 PM
#21
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From: Recovering Airline Pilot
10-18-2012 | 09:11 PM
#22
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From: 320
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
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From: Recovering Airline Pilot
10-18-2012 | 09:35 PM
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From: 320
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
10-18-2012 | 10:02 PM
#25
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From: EMB 145 CPT
How much more or less will ALPA dues generate now with this change?
10-19-2012 | 02:22 AM
#26
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From: Recovering Airline Pilot
If all 401k contributions were duesable, then the net effect to dues revenue would be about a $2 million increase. With no 401k contributions being duesable, the net effect would be about a $7 million reduction in dues revenue. This assumes no change to the dues rate itself.
10-19-2012 | 02:23 AM
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From: Recovering Airline Pilot
10-19-2012 | 03:33 AM
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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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From: Recovering Airline Pilot
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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