401K benefit money

Turbine08 Rookie

Where is it listed what the hourly benefit pay is if you decline health care. Seems to be around $3.30/hr but never see it posted anywhere?

Barney13 Senior Member where u all wanna be...

What r u talking about? no such thing in the FAA..

Admin Administrator Houston

Talking about contract tower?

Barney13 Senior Member where u all wanna be...

OK...........

Turbine08 Rookie

Yes contract tower, we are in the contract tower forum.

EFC Junior Member On a Van by the Sea

Quote:

"ALL OCCUPATIONS LISTED ABOVE RECEIVE THE FOLLOWING BENEFITS:

HEALTH & WELFARE: Life, accident, and health insurance plans, sick leave, pension
plans, civic and personal leave, severance pay, and savings and thrift plans.
Minimum employer contributions costing an average of $3.50 per hour computed on the
basis of all hours worked by service employees employed on the contract."

End Quote.

This information was copied directly from the DOL website.

The employer must provide these benefits to the employee. Thanks to "ObamaCare" the employee does not have the right to decline any of these benefits.

Current DOL regulation does not give the employer the option to pay these entitlements directly to employee.

patco PATCO President Florida

"Current DOL regulation does not give the employer the option to pay these entitlements directly to employee."

Not applicable to a Union CBA ....RVA pays direct. It is a negotiable item under the NLRA.

Turbine08 Rookie

I decline medical coverage and $3.33 per hour worked goes into my 401k. Any questions to the company and they act like its a states secret and you have no right to know how much goes into the account. They must be taking some off the top because no one I know is getting $3.50/hr.

EFC Junior Member On a Van by the Sea

The amount of fringe benefits is determined by the DOL. Go to the following website:

Wage Determinations Online

Search for the wage determination for your location and see what is the correct amount for your location.

patco PATCO President Florida

You have the right to know how much and where your money is going and the employer is required to provide the data. If they refuse, there are options available to you.