TA payrates
03-01-2018 | 11:29 AM
#11
Line Holder
Joined: Jun 2014
Posts: 495
Likes: 1
From: A320 CA
Still not a bad provision to have as your pay rates climb [and Company contribution rate?—honestly don’t know, not poking at you] over the life of the contract.
As a side note, the contribution limits and overage limits increase by $6,000 per year starting the year you turn 50.
EDIT: Looks like GoCats beat me to it. Like everything else, I’m late to the party!
03-01-2018 | 02:14 PM
#12
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Joined: May 2017
Posts: 239
Likes: 0
The limits shown on IRS.GOV for 2018 are as follows:
"The limitation for defined contribution plans under Section 415(c)(1)(A) is increased in 2018 from $54,000 to $55,000."
"The contribution limit for employees who participate in 401(k), 403(b), most 457 plans, and the federal government’s Thrift Savings Plan is increased from $18,000 to $18,500."
"The catch-up contribution limit for employees aged 50 and over who participate in 401(k), 403(b), most 457 plans and the federal government’s Thrift Savings Plan remains unchanged at $6,000."
Remember that the limit of $55,000 (assuming you are under 50) applies to contribution from all sources, so if you contribute $18,500 then the company can only contribute $36,500.
Now that would mean you would still have to make over $300k, and I think the IRS limits the income that can be used to $275k, so that shouldn't be a factor.
"The limitation for defined contribution plans under Section 415(c)(1)(A) is increased in 2018 from $54,000 to $55,000."
"The contribution limit for employees who participate in 401(k), 403(b), most 457 plans, and the federal government’s Thrift Savings Plan is increased from $18,000 to $18,500."
"The catch-up contribution limit for employees aged 50 and over who participate in 401(k), 403(b), most 457 plans and the federal government’s Thrift Savings Plan remains unchanged at $6,000."
Remember that the limit of $55,000 (assuming you are under 50) applies to contribution from all sources, so if you contribute $18,500 then the company can only contribute $36,500.
Now that would mean you would still have to make over $300k, and I think the IRS limits the income that can be used to $275k, so that shouldn't be a factor.
03-02-2018 | 02:27 AM
#17
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Joined: Apr 2017
Posts: 81
Likes: 0
03-02-2018 | 07:24 AM
#19
Gets Weekends Off
Joined: Jan 2008
Posts: 335
Likes: 0
I was reading the CBA and says ....for A321 pay rate is 110% of the current rates...is that the way company is going to pay a pilot to fly the A321? ...Thanks
Have a interview next week...looking forward to join....
Have a interview next week...looking forward to join....
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