In the recently negotiated contract, higher pay rates and additional employer contributions to defined contribution (DC) plans were secured. As a result, these benefits will cause more pilots to exceed annual IRS limits on amounts that may be contributed to the PISP 401(k). Company contributions to 401(k) exceeding these limits spills into pilots’ paychecks, thereby limiting potential tax-deferred and dues free retirement savings. The Alaska Pilots’ Retirement and Insurance (R&I) Committee, professional ALPA staff and other subject matter experts have researched multiple tax-advantaged avenues to address the spill issue. Join host Strategic Communications Chair David Campbell as he discusses this issue and the solutions being worked on with MEC Chairman Will McQuillen, R&I Committee Chairman Shane Wrobel, R&I Committee member Jerry Traphagen, and ALPA Benefits Specialist Phil Borgman.
Alaska pilots may find additional information, including an animated video, FAQs, dates for upcoming coffee sits, and more by clicking here.
Transitions
State of the Union, February 2024
Alaska Pilots Get Ready for PBS
Merger: Process Discussion
State of the Union, November 2023
Alaska Pilots’ MEC Committee Profiles: Professional Standards and DEBI
State of The Union: SFO Base, 2024 Vacation
Market Rate Adjusted Pay
Market Rate Adjustment
State of the Union, June 2023
Implementation Update and State of the Union
2023 State of the Union and New LOAs
Reassignment, Cancelation, Delay, and Severe Irregular Operations
CBA 2022 Implementation: When and Why
Contract 2022 Implementation
TA 8: Ratification Process, What Happens Next
TA 7: Vacation
TA 6: Reserve
TA 5: Trip Ownership, Displacement, and Commuting
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