tantrum

The big difference is that the claim was for retirement funds which rightfully were put into a retirement account. This has nothing to do with retirement money and is just an equity payout. Like I said in my earlier post, I'm all for maxing out my 401K anyway, but I'm sure there may be more than a few first year guys needing a little extra money to pay off high interest credit cards or maybe make a down payment on a house. It just seems to me that ALPA/Delta telling us that this equity payout has to go into our retirement accounts seems like they are overstepping their bounds just a little. By the way, is the company making all the other employees that are getting their equity stake put it into a retirement account? Somehow I doubt it. My only point to this whole post is that shouldn't we be given the choice of where we want our money to go?

formerdal

Acl

What you do with your lid is your business....:-)

Your right however, if we fill up we will get more in the paycheck...

chuck h

Has anything official been posted by the union or the company regarding this payout or is this 401k stuff speculation?

mxav8r

That is CRAP the money goes into the DC or 401K. We SHOULD have a choice!

acl65pilot

You did with your vote on LOA 19.

Spaceman Spliff

Look on the bright side--when you retire in 15-20 years, that same $30,000 in equity will, with the aid of interest, have appreciated to the point where you will be able to use it to pay for a long weekend in Branson. You can even take a kick-a$$ tour bus with 50 of your best friends. The ice machine at the motel you'll be able to afford is next to the lobby.

I hope you like Old Milwaukee.

mxav8r

Really? That's kind of funny since I couldn't vote! But whatever...money is money.

DAL4EVER

Another way to look at it is that you should be happy you're on probation here than at LCC where they got nothing. At least there is some money going into your account. I don't recall a single merger where the pilots shared an equity stake in the company. As a new hire or any pilot, something is better than nothing. Its nice you can be upset about getting this vs. receiving nothing at all.

sailingfun

Take the time and attend a union meeting and ask these questions. This was was a big issue with the last payout. The simple answer is that the tax law does not allow a choice. Either every pilot has the funds placed in accounts under the IRS 415C limits or no pilots get the tax break. The union can't offer a choice. They have to pick one or the other. The majority of pilots prefer it in the tax account. There is one other side note on this. The company gets a tax break by having the money go this route. The union was able to negotiate more money if it went against the 415C limit then if we took it in cash.

mxav8r

And what? Be informed!?! I rather sit here and ***** on APCF!