Profit Sharing Election Window Closes February 12
Date: February 3, 2017
Type: AFA Article
As a reminder Profit Sharing payments will be paid out on Feb. 27, 2017, through your normal payroll process (i.e., direct deposit or physical check) and payments will be issued in a separate check.
The special election window which provides Flight Attendants with the ability to allocate some or all of the Profit Sharing to their eligible retirement plan account is now open through February 12, 2017.
Note: Internationally domiciled Flight Attendants in FRA, HKG, LHR or NRT will not receive a separate paycheck but will instead receive the Profit Sharing payment on their regular paycheck closest to the distribution date due to taxation and other regulation issues net of any deferrals to any eligible retirement plan account. Members outside the U.S. who are enrolled in the floor rate program receive appropriate floor exchange rates when Profit Sharing payments are received through the normal payroll process.
For 2016, for Flight Attendants Profit Sharing percentage of 1/1/16 – 12/31/16 eligible earnings is 7.8766%. Flight Attendants can access their individual statements in Flying Together > My Info > Mangers Tool Box > Profit Sharing Payout Details. Supervisors & managers do not have access to your individual Profit Sharing statement.