Profit Sharing Update

Association of Flight Attendants-CWA

Profit Sharing Update

 

Since there has been many questions and concerns surrounding our Profit Sharing checks, here is a break down of what we currently know:

  • Flight Attendants who are currently participating in the 401(k), the amount you are already participating will come out of the Profit Sharing check.
  • There is no option to change this, turn it off, or elect the maximum amount (entirely or total whole) of the Profit Sharing check to go into your 401(k).
  • The Profit Sharing check will be a separate payment done via direct deposit.
  • Taxes will be withheld at the supplemental rate (aka bonus) for federal tax of 25% for everyone.
  • The Profit Sharing check date has not been determined as of right now however sometime in March is expected.

 

I encourage each of you to review your employee email as PSA will be communicating more specific details.

Please do not hesitate to contact me with any further questions.

 

Lisa Wulff

Benefits Chair

(513) 571-4647

[email protected]