Ignorant and lazy retro question

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09-03-2023, 07:10 AM

#11

Pinseekr9

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Joined APC: Jul 2016

Posts: 36

Quote:

Originally Posted by EjetTaxi

it's the in Retention Bonus LOA in the TA. One page over from the title page I think.

LOA 23-02 Paragraph D contains the payment dates. Page 562

10-06-2023, 06:13 AM

#12

hopp

Ignoring; John Burke.

Joined APC: Jul 2022

Position: Wandering

Posts: 229

Quote:

Originally Posted by Voski

Looks like two separate retro checks, payable NLT November 1st & December 1st respectively (Nov. pre-2023 earnings, Dec. this year’s earnings) with associated 16% DC disbursements on earnings.

That said.

Anyone hear if we’re able to elect to have your retro checks directly deposited into our PRAP as an employee contribution? Or is it just being dispersed with our regular payment? I haven’t been able to get a straight answer on this yet.

I’ve retired and rolled everything out of my DC plan. Anyone have an idea how they will handle the 16% for retirees?

10-06-2023, 06:16 AM

#13

sailingfun

Gets Weekends Off

Joined APC: Feb 2008

Posts: 19,599

Quote:

Originally Posted by hopp

I’ve retired and rolled everything out of my DC plan. Anyone have an idea how they will handle the 16% for retirees?

Something to consider. If your DC plan is legally a 401k like Delta you have very strong legal protections from lawsuits ect.. As soon as you roll it to a IRA those protections are lost and attorneys smile!

10-06-2023, 06:56 AM

#14

ThumbsUp

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Joined APC: Mar 2018

Posts: 2,501

Quote:

Originally Posted by hopp

I’ve retired and rolled everything out of my DC plan. Anyone have an idea how they will handle the 16% for retirees?

Part of that depends on how much you earned and if you had already capped out. I’m not sure what will happen if you weren’t capped and no longer have a PRAP, but if you were, up to 10k would be paid into the VEBA, the rest in cash.

10-06-2023, 07:41 AM

#15

Pilot4000

Gets Weekends Off

Joined APC: Oct 2021

Posts: 775

I can't get the calculator to work, I keep getting negative numbers.

10-06-2023, 09:06 AM

#16

hopp

Ignoring; John Burke.

Joined APC: Jul 2022

Position: Wandering

Posts: 229

Quote:

Originally Posted by sailingfun

Although beside the point of my question, I did not put it in an IRA. I set up an individual 401(k) for my side business, and rolled it all into that.

@ ThumbsUp I would have to pull my pay records to know whether I had capped out or not. Hoping it does NOT go into VEBA

That bunch is such a PITA, I’m sorry we ever got the plan. The vendor United has managing it must be a bunch of McDonalds drive thru refugees. I hope it gets fix by the time you retire, because you don’t want to spend hours of your retirement days trying to justify your payments to a bunch of idiots.

10-06-2023, 09:07 AM

#17

Flyingphi

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Joined APC: Oct 2015

Posts: 68

Quote:

Originally Posted by sailingfun

it depends on the state you live in. Several states protect an IRA just like a 401k…completely untouchable through lawsuits

10-06-2023, 10:12 AM

#18

guppie

Banned

Joined APC: Feb 2018

Position: B-737 Captain

Posts: 657

Quote:

Originally Posted by Pilot4000

I can't get the calculator to work, I keep getting negative numbers.

Make sure all your entries are from "YTD". Especially your 10/16/2023 entry, which is your 9/16/2023 regular pay YTD plus your 09/2023 pay register "Totals" from CCS.