Ratification Comp LOA & MEC Allocation resolu
 

in the spirit of Qotsaautopilot's other threads

a thread to discuss LOAs that was not part of the 2010 contract (if needed)

pros cons



basically $75million to divy out

Can anyone explain how the money will be divided up?

Also, will the money be a bonus and taxed as such? Could the money be directed into a 401k?

It's divided up based on how many bid periods you had since the contract was amendable. Date of deposit 30 days after signing. Regular income, didn't look like it could be directly put into a 401k.

Taxes and withholding
 

I’ve heard a lot of guys say that the bonus will be taxed at a higher rate. Not necessarily true. The company has the option to either tax the supplemental income (bonus) at the individual’s tax rate according to information on their W4 or 22% (down from 25% from TY 2017). It’s the company’s choice. If 22% is higher than your marginal tax rate, it’s not like you lose the money - it’s simply withheld, you’ll get the money back in your tax return in 2019. I’m the last guy who has an interest in giving the government a free loan but these are the facts. Source: IRS publication 15, section 7.

Do I read this right, actual credit hours used to calculate bonus? So the company wh**es get rewarded, nice job alpa

No I think that number is just to help you calculate the difference between what your old pay vs new pay will be. If you chance the block hour and calculate it again, the bonus number stays the same.

Ok thanks for clearing that up, nearly stroked out.

Thanks to Trump it should be taxed less either way..