Profit Sharing Payments
Date: January 18, 2017
Type: AFA Article
As a result of this financial performance, employees earned $628 million in Profit Sharing for the full year. Profit Sharing payments will be paid out on a separate check on Feb. 27, 2017, through your normal payroll process (i.e., direct deposit or physical check).
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.
Employees will be able to access their individual statements in My Info starting Jan. 27, 2017, once the Profit Sharing payout has been certified by the company’s compensation committee. Supervisors & managers will not have access to your individual Profit Sharing statement. You are encourage to print your own statements.
The special election window for Profit Sharing will be open from Jan. 27, 2017, through Feb. 12, 2017, giving all eligible employees the option to defer a portion of their Profit Sharing payout to their eligible retirement plan account.
In the next few days, additional information on Profit Sharing will be made available via the company’s website.