Dalpa R&I Roadshow
09-21-2018, 03:28 PM
#261
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Joined APC: Feb 2008
Position: The Beginnings
Posts: 1,317
Commuting is a choice. (moved 12 times when I was a kid, lived in 3 different states, 8 different school districts...it's not as traumatic as they say).
Headsets: Company provided.
Cell phone: Not required (ACARS/Jetway phone/Atlanta Radio/Satphone)
Laptop: Company provided.
Or was this a joke? Just curious?
09-21-2018, 05:04 PM
#262
Gets Weekends Off
Joined APC: Nov 2011
Posts: 4,535
because that's what the PWA says.
09-21-2018, 06:06 PM
#263
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Thread Starter
Joined APC: Sep 2008
Position: Kickin’ Back
Posts: 6,971
I'd be interested in exactly where the PWA says this... We get the 16% in DPSP CSH because it has to go somewhere when the 401k is full and there is no retirement plan for it to go into, we don't just lose it.
Being that the 16% is earmarked for retirement and, with this new plan, there would be a retirement plan for the Company retirement contribution to go into, shouldn't it go there?
Isn't this fun!
Denny
Being that the 16% is earmarked for retirement and, with this new plan, there would be a retirement plan for the Company retirement contribution to go into, shouldn't it go there?
Isn't this fun!
Denny
09-21-2018, 06:07 PM
#264
Gets Weekends Off
Joined APC: Nov 2011
Posts: 4,535
Dalpa R&I Roadshow
I'd be interested in exactly where the PWA says this... We get the 16% in DPSP CSH because it has to go somewhere, we don't just lose it.
Being that the 16% is earmarked for retirement and, with this new plan, there would be a retirement plan for the Company retirement contribution to go into, shouldn't it go there?
Isn't this fun!
Denny
Being that the 16% is earmarked for retirement and, with this new plan, there would be a retirement plan for the Company retirement contribution to go into, shouldn't it go there?
Isn't this fun!
Denny
26.m.8 i think when I looked earlier. If not 8 it's somewhere around there in 26.m
If I weren't on my phone I'd copy/paste it but it basically says excess from IRS limits is paid out in cash
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09-21-2018, 06:16 PM
#265
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Thread Starter
Joined APC: Sep 2008
Position: Kickin’ Back
Posts: 6,971
Why should a company retirement contribution that is not optional now suddenly become optional (as to how one receives it) if there is a new retirement plan for it to go into?
Denny
09-21-2018, 06:41 PM
#266
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Joined APC: Nov 2011
Posts: 4,535
In excess of the IRS limits etc., OK. It's prevented from going into a 401k type retirement plan. The individual cannot elect to take the 16% on their own before either maxing out contributions or meeting the $275,000 limit. Where the 16% goes is not optional now.
Why should a company retirement contribution that is not optional now suddenly become optional (as to how one receives it) if there is a new retirement plan for it to go into?
Denny
Why should a company retirement contribution that is not optional now suddenly become optional (as to how one receives it) if there is a new retirement plan for it to go into?
Denny
With this new plan, i could still do the 401a thing (I assume) but that excess that I was going to invest elsewhere now goes into something that I don't think is a benefit to me personally because a. i have no control over it and b. the way it was presented the target gains are paltry.
In current world, I get to say where my 16% is going because i've played the game and maxed out IRS limits.
In the new scenario, I don't get to say where my 16% is going because I've maxed out the IRS limits but DALPA has put a policy in place to direct that excess that was previously cash to me.
09-21-2018, 06:48 PM
#267
Gets Weekends Off
Joined APC: Jun 2015
Posts: 1,760
Commuting is a choice. (moved 12 times when I was a kid, lived in 3 different states, 8 different school districts...it's not as traumatic as they say).
Headsets: Company provided.
Cell phone: Not required (ACARS/Jetway phone/Atlanta Radio/Satphone)
Laptop: Company provided.
Or was this a joke? Just curious?
Headsets: Company provided.
Cell phone: Not required (ACARS/Jetway phone/Atlanta Radio/Satphone)
Laptop: Company provided.
Or was this a joke? Just curious?
The only joke is I'm sure we'd be slapped with imputed income.
09-21-2018, 07:42 PM
#268
Gets Weekends Off
Joined APC: Apr 2007
Posts: 4,614
We would get hit with imputed income on items that are not necessary for performance of our job. The laptop and headset would be a hard sell because of the company provided iPad and airplane headsets. Cell phone allowance (reserve call out, Inverse Assignment, IROPS, etc), dry cleaning, uniforms, luggage and maybe even Global Entry are all work required expenses.
09-21-2018, 09:29 PM
#269
Gets Weekends Off
Joined APC: Feb 2008
Posts: 19,599
I guess I'm not following you..Now I don't make $275k but I get DPSP because of taking advantage of the 401a. I can then take that DPSP and invest elsewhere, whether it be Real Estate or anything else, hell could just blow it on something.
With this new plan, i could still do the 401a thing (I assume) but that excess that I was going to invest elsewhere now goes into something that I don't think is a benefit to me personally because a. i have no control over it and b. the way it was presented the target gains are paltry.
In current world, I get to say where my 16% is going because i've played the game and maxed out IRS limits.
In the new scenario, I don't get to say where my 16% is going because I've maxed out the IRS limits but DALPA has put a policy in place to direct that excess that was previously cash to me.
With this new plan, i could still do the 401a thing (I assume) but that excess that I was going to invest elsewhere now goes into something that I don't think is a benefit to me personally because a. i have no control over it and b. the way it was presented the target gains are paltry.
In current world, I get to say where my 16% is going because i've played the game and maxed out IRS limits.
In the new scenario, I don't get to say where my 16% is going because I've maxed out the IRS limits but DALPA has put a policy in place to direct that excess that was previously cash to me.
09-21-2018, 09:51 PM
#270
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Joined APC: Mar 2015
Position: stake holder ir.delta.com
Posts: 10,456
A single question.
Is an increase in retirement percentage an increase in company funded retirement or just a pay raise that you must pay taxes and dues on?
Eventually I hope to well exceed the 401k earnings limits through 20+% DC and earnings that increase contract after contract, so then what? I think we either need another vehicle or need to make DPSP cash part of regular wages. Maximize our current plan first, but needing a plan to absorb additional retirement money in a tax advantaged way is a problem I want to have.
Is an increase in retirement percentage an increase in company funded retirement or just a pay raise that you must pay taxes and dues on?
Eventually I hope to well exceed the 401k earnings limits through 20+% DC and earnings that increase contract after contract, so then what? I think we either need another vehicle or need to make DPSP cash part of regular wages. Maximize our current plan first, but needing a plan to absorb additional retirement money in a tax advantaged way is a problem I want to have.
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