Profit-sharing payments are expected to be issued via a separate check on Thursday, February 29, 2024. Participating employees will receive their payment through their normal payroll process (i.e., direct deposit or physical check).
Due to local requirements, the payout date may differ for Internationally domiciled Flight Attendants. The profit sharing payment must be paid along with your regular payroll to ensure that your non-NRA earnings and LHR PAYE taxation are handled accurately. Also, 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.
Flight Attendants may access their pay statement through Flying Together>Employee Services>Tools and Resources>My Pay Advice>Payroll Advice.
In anticipation of questions we have received in previous years, we remind those who are deferring the proceeds of our Profit-Sharing into your 401(k) on a pre-tax basis you may see a variety of taxes, including Federal Income taxes being withheld on some portion of the Profit-Sharing proceeds deferred.
This money, even when directed into the pre-tax deferred 401(k) account, is subject to FICA (Social Security and Medicare) withholding, CA state disability withholding, as well as some other State and Local taxes. The money withheld from the profit-sharing payment to pay these FICA, state disability, and other taxes is considered wages for the purposes of the Federal tax code. As a result, the money withheld from the Profit-Sharing to pay these various tax and disability amounts is reported as wages and is further subject to Federal tax withholding. It is for this reason that you will have Federal Taxes withheld from the profit-sharing proceeds that have been directed into the 401(k) accounts.
