Happy New Year!! I hope 2021 will bring us some better days. The Team and I would like to say Thank you all for everything you did in 2020. There were many issues we had to deal with last year and all the challenges the Virus has caused us. Many times, I heard from you and everyone had the same feelings of being overwhelmed at times. But we made it through 2020 and it did not surprise me.
With that said here in 2021 we will continue to work with you all and do our very best to make sure you have the information you need to best help you and your Families. If you ever have any questions feel free to reach out to this Team.
Here is the 1/12/21 minutes from our meeting with the company.
All members please check pay statements to ensure that there is a deduction for Medical Benefits, it's been brought to my attention that several members are showing no coverage, if this is the case please go to my.aa.com, under forms, complete an appeal form for administrated issues and submit immediately. American Airlines is aware of this issue. See link: https://my.aa.com/wp-content/uploads/2019/06/Administrative-Issues-Level-1_05282019.pdf
Retirement / Survivor Support
Any member who took first VEOP in April of 2020, must request a pension kit in the first of March in order to commence Pension on May 01,2021. Our Retirement Counselor, Mark Loeber (918) 491 0079, will be available to assist members in completing the package.
- Number of Pensions commencement in 2019 2,025 785 of those TWU
- Number of Pensions commencement in 2020 3,395 1,407 of those TWU
- At this time 577 more payment to process approx. 400 of those are 2020 commencements.
- Hoping to have all the 2020 paid by mid-February.
- 2,697 Deaths for 2020
- VEOP members who elected RHRA elections 474
- 7260 Retiree ID requested
- FMLA Tech OPS 6100 Cases 83% approved
- FSC 6250 Cass 84% approved
- FMLA Cases are taking longer than expected.
- 28,000 FMLA Cases in 2020
We did ask what was causing the FMLA delays and the company's response was that with all the Pandemic leaves they are just overwhelmed. They did say that they were in the process of training more people to try to deal with this issue.
401K Contributions 2021
The TWU-designated team members will receive the 5% non-elective company contribution and up to a 4% company matching contributions on their 01/15 pay check. The company contributions will be listed towards the bottom of the pay statement on separate lines.
In addition to contribution limits, the IRS also sets an earnings limit of when contributions can no longer be made into the plan. Once an employee reaches the earnings limit, in this case $290,000 of eligible 401(k) compensation, contributions into the plan cease. I’ve provided a breakdown of the IRS limits for this year.
- Limit for employee contributions (combined Pre-tax & Roth) = $19,500
- Catch up limit for employee contributions for age 50 or older (combined Pre-tax catch-up & Roth catch-up) = $6,500
- Earnings limit for 401(k) eligible compensation = $290,000
- Limit for combined contributions (combined employee contributions & employer contributions) = $58,000
- Limit for combined contributions with Catch-up contributions (combined employee contributions, catch-up contributions & employer contributions) = $64,500
This was our first meeting of 2021 and hope that we will be able to soon meet in person not only with the company but also with you all in the near future. But for now, all of the meetings have been and are planned for Zoom or some other virtual meeting platform.
Anthony Lepore Ken Morse
Local 591 National Benefits Coordinator Local 591 National Benefits Coordinator
EAP/MAP Coordinator EAP/MAP Coordinator 940-536-8817 815-483-8585