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Profit Sharing Election Window Closes February 11, 2018

Date: January 30, 2018
Source: AFA Article

Profit Sharing Election Window Closes February 11, 2018

As a reminder, Profit Sharing payments will be paid out on Feb. 27, 2018, that will be will be issued in a separate check in the same way you are paid for the normal payroll process (i.e., direct deposit or physical 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 11, 2018 at 2359 CT. We have the ability to defer a portion of our Profit Sharing to any combination of the following:

The amount deferred need not total 100% but cannot exceed 100%. Any remaining percentage will be paid to the employee as part of their normal paycheck (direct deposit or paper check) on February 27, 2018.

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 of March 1, 2018, 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 2017, for Flight Attendants Profit Sharing percentage of 1/1/17 - 12/31/17 eligible earnings is 4.7969%. 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.

Printed from the official United Master Executive Council website at www.unitedafa.org.

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