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Profit Sharing Election Window Closes February 11, 2018

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Source: AFA

Date: Feb 09, 2018

Source: unitedafa.org

As previously communicated in the February 6 edition of E-lines, the Special Election Window which provides Flight Attendants with the ability to allocate some or all of their Profit Sharing to their eligible retirement plan account is open through 2359 CT on Sunday, February 11, 2018.  Flight Attendants will have the ability to defer a portion of their Profit Sharing to any combination of the following:

 

  • Pre-tax 401(k)
  • Post-tax 401(k)
  • Roth 401(k) which is also post tax

Profit Sharing payments will be paid out on February. 27, 2018, and will be will be issued in a separate check in the same way you are paid for normal payroll process (i.e., direct deposit or physical check).  Flight Attendants based at International locations will receive their Profit Sharing as part of their March 1, 2018 pay check.

Unique to our colleagues in the United Kingdom, is how inclusion of the Profit Sharing payment in the March 1, 2018 pay check will affect the PAYE tax calculation for the pay period.  Special thanks to the Local Council & Council 7 Member, Heidi Yoder for her work in preparing the Q & A addressing these unique issues.

For more information, visit our website.

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