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United Holding Back RHA funding

Old 08-20-2019, 01:33 PM
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Originally Posted by oldmako View Post
Sttill unsure of how much control your union has over the transfer of funds. That seems outside of their sphere of influence.

What do you imagine they are up to?
I doubt the union has any control over disbursement of funds. Once they agreed to a plan that allows the company to hold the money for two weeks, they have no standing to complain about it not being promptly paid.

A PDR would be a waste of electrons.

My guess..they didn’t read the fine print when they agreed to the plan.

So to be clear.. my grief here is with a union that would agree to let an employer withhold pay for up to two weeks after pay day, and...
with an employer that would do that.

edit@Mako.. I just re-read my original post and where it said “ I can imagine”, it should of said I can’t imagine... as in I have no idea why they would agree to that.

Last edited by BMEP100; 08-20-2019 at 02:05 PM.
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Old 08-20-2019, 02:25 PM
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Originally Posted by BMEP100 View Post
I doubt the union has any control over disbursement of funds. Once they agreed to a plan that allows the company to hold the money for two weeks, they have no standing to complain about it not being promptly paid.

A PDR would be a waste of electrons.

My guess..they didn’t read the fine print when they agreed to the plan.

So to be clear.. my grief here is with a union that would agree to let an employer withhold pay for up to two weeks after pay day, and...
with an employer that would do that.

edit@Mako.. I just re-read my original post and where it said “ I can imagine”, it should of said I can’t imagine... as in I have no idea why they would agree to that.
Do you know for sure anyone "agreed" to a plan that allows money to be held? If you file a PDR, you might be surprised at the answer you get.
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Old 08-20-2019, 05:03 PM
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it’s posted
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Old 08-21-2019, 05:50 AM
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<"Once they agreed to a plan that allows the company to hold the money for two weeks....


..my grief here is with [COLOR="red"]a union that would agree to let an employer withhold pay for up to two weeks after pay day, and...with an employer that would do that.">

It looks to me like this...

1. ALPA negotiates pilots annual wages in excess of 300K.
2. ALPA negotiates an additional 16% B/C Fund contribution.
3. Pilots can now easily exceed the IRS maximum annual 401k contribution limit.
4 ALPA negotiates RHA which allows pilots to accumulate these excess contributions tax-free.
5. The Company takes its sweet time moving the funds into tax-free RHA account
6. ALPA is to blame.

You insist that the union agreed to a policy and procedures which allows the company to delay the transfer of your money into your RHA. If that's the case, fine. Bash away and let your reps know it's unsat.

I'd simply like to know if that's an accurate claim.

Last edited by oldmako; 08-21-2019 at 06:10 AM.
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Old 08-21-2019, 05:53 AM
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Originally Posted by oldmako View Post
<"Once they agreed to a plan that allows the company to hold the money for two weeks....


..my grief here is with [COLOR="red"]a union that would agree to let an employer withhold pay for up to two weeks after pay day, and...with an employer that would do that.">

It looks to me like this...

1. ALPA negotiates pilots annual wages in excess of 300K.
2. ALPA negotiates an additional 16% B/C Fund contribution.
3. Pilots can now easily exceed the IRS maximum annual 401k contribution limit.
4 ALPA negotiates RHA which allows pilots to accumulate these excess contributions tax-free.
5. The Company takes its sweet time moving the funds into tax-free RHA account
6. ALPA is to blame.

You insist that the union agreed to a policy and procedures which allows the company to delay the transfer of your money into your RHA. I'd simply like to know if that's an accurate claim.






Very well said!!!

I think you are wasting your time with him/her
Next week the complain may be the crew meals were not hot enough and ALPA did not specifically agreed upon the capability of the galley ovens

It will never stop
As I said before, A pilot that does not like ALPA will always blame ALPA. Black helicopters remember ?
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Old 08-21-2019, 05:56 AM
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Originally Posted by JoePatroni View Post
Do you know for sure anyone "agreed" to a plan that allows money to be held? If you file a PDR, you might be surprised at the answer you get.
And so in the alternative, they didn’t agree to it and yet in all these years since.............what? It’s not a secret to anyone paying attention.

I suppose that’s possible, considering that last year (2018) when I went to check the fund’s performance, the fund fact sheet posted was dated 2nd quarter 2013 and was for a fund that was closed years before and no one on R&I had a clue about it, but did get defensive when it was questioned.

The company, R&I, and AON Hewitt, all were pointing the finger at each other.

The thing that worries me most is how the payout of the fund is going to be handled, post retirement.

I just learned, through all this that the same group that administers the RHA payments is the same ones that manage the current HSA.

That is a mess.
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Old 08-21-2019, 08:58 AM
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I really doubt it’s even mechanically possible to do it faster than 3 or 4 business days. Cash is deposited on payday, but PRAP deposits probably have to run through a different IRS pre screening I would think to make sure that whatever is done doesn’t have to be undone if it were done in error. That would add a business day. When the PRAP pings back that it’s full then another business day to authorize a RHA deposit, then another to send it over. I don’t see how they or the union could speed this up.

Last edited by APC225; 08-21-2019 at 09:39 AM.
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Old 08-21-2019, 09:31 AM
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Originally Posted by BMEP100 View Post
And so in the alternative, they didn’t agree to it and yet in all these years since.............what? It’s not a secret to anyone paying attention.

I suppose that’s possible, considering that last year (2018) when I went to check the fund’s performance, the fund fact sheet posted was dated 2nd quarter 2013 and was for a fund that was closed years before and no one on R&I had a clue about it, but did get defensive when it was questioned.

The company, R&I, and AON Hewitt, all were pointing the finger at each other.

The thing that worries me most is how the payout of the fund is going to be handled, post retirement.

I just learned, through all this that the same group that administers the RHA payments is the same ones that manage the current HSA.

That is a mess.
I know a bunch of guys who have retired in the past couple of years and I don’t think any of them have had any issues. The annual rate of return for the fund is now in Flying Together.

Last edited by JoePatroni; 08-21-2019 at 09:42 AM.
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Old 08-21-2019, 10:59 AM
  #19  
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My RHA shows a return of 9.91% YTD as of today.

I recall reading that these RHA amounts were invested in date targeted index funds depending on your age, but I can't find documentation to verify that.
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Old 08-22-2019, 07:37 AM
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Originally Posted by APC225 View Post
I really doubt it’s even mechanically possible to do it faster than 3 or 4 business days. Cash is deposited on payday, but PRAP deposits probably have to run through a different IRS pre screening I would think to make sure that whatever is done doesn’t have to be undone if it were done in error. That would add a business day. When the PRAP pings back that it’s full then another business day to authorize a RHA deposit, then another to send it over. I don’t see how they or the union could speed this up.
Nothing “pings back”. The determination of statutory account funding is done on the previous payment and all future payments are based on that. It you have reached your limit, you will have received an email after the last pay period deposit.

Just like the B, C fund payments, and the company RHA payments, the capability exists for the company to make the deposits on the first business day following the “pay date”. Refer to your RHA account record and you will see the 80~ dollars each month is deposited on time. That’s all chump change, and at the discretion of the company.

They have no reason to make the big money deposits, promptly.

Btw, this all came to me from a fellow pilot who is an investment advisor, that was looking into his account and had corresponded with the R&I committee, last year. He showed me the email string.

So if there are a 1000 pilots in this same boat, that amounts to 2.5 million the company is holding back. It sounds like some of you are just fine with that..

Well, at least it isn’t and ugly tie.
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