ALPA wants your retirement money
07-31-2008, 05:29 AM
#1
Gets Weekends Off
Thread Starter
Joined APC: Nov 2005
Position: B777 Left
Posts: 736
ALPA wants your retirement money
Tell me this is a joke.
ALPA Board of Directors Considers Constitution Change
Starting July 28, the ALPA Board of Directors will be voting on a change to the ALPA Constitution and By-Laws. If approved by two-thirds of the BOD, this change would make all pilot salary deferrals to 401(k) pension plans subject to dues. This would replace existing policy—currently pilot contributions to 401(k) plans are exempt from dues only if the 401(k) is the pilot’s only pension plan—and would both clarify ALPA policy and ensure that it applies consistently to members across the Association. The proposed revision was strongly endorsed by the Executive Council and Executive Board.
Not even the Federal government is this brazen...yet. Maybe they had been doing something like this all along. I guess they have to make up money for lost USAir dues. It's the principle of the thing that gets me. Let's see, no objection from "National" in the termination of pensions for USAir, United and Delta pilots, so no doubt that their will be no objection from our sheep, er members to this. Rock on, Alpa.
ALPA Board of Directors Considers Constitution Change
Starting July 28, the ALPA Board of Directors will be voting on a change to the ALPA Constitution and By-Laws. If approved by two-thirds of the BOD, this change would make all pilot salary deferrals to 401(k) pension plans subject to dues. This would replace existing policy—currently pilot contributions to 401(k) plans are exempt from dues only if the 401(k) is the pilot’s only pension plan—and would both clarify ALPA policy and ensure that it applies consistently to members across the Association. The proposed revision was strongly endorsed by the Executive Council and Executive Board.
Not even the Federal government is this brazen...yet. Maybe they had been doing something like this all along. I guess they have to make up money for lost USAir dues. It's the principle of the thing that gets me. Let's see, no objection from "National" in the termination of pensions for USAir, United and Delta pilots, so no doubt that their will be no objection from our sheep, er members to this. Rock on, Alpa.
Thread
Thread Starter
Forum
Replies
Last Post
