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Breaking Down the Details & Financial Impact of the New Southwest Airlines TA
Manage episode 395948556 series 3347840
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This episode is going to delve into the significant new Tentative Agreement for Southwest Airlines pilots and break it all down so you know the most important details. By the end of the show, you should be up-to-date on the impact and the implications of the TA.
We’ve invited Captain Robert Ecklund of Southwest Airlines to talk about some of the key aspects of the contract that's coming out, including compensation, disability benefits, retirement plans, and the implementation schedule. We’ll focus on some of the intricacies of the cash balance plan, the exceptional disability benefits and that compensation increase.
Stay tuned after our conversation with Rob because we’ll bring on Zach Smith, Managing Partner, CPA to dive into all the tax details so you’ll have a better idea of what this could mean on your bottom line.
Here’s some of what we discuss in this episode:
0:00 – Intro
1:45 – Guest intro
5:36 – Overview of the TA
7:03 – Cash balance plan
11:35 – Changes in disability
17:30 – Company contributions
21:55 – Tax rates
26:22 – Compensation details
33:30 – TA Tax implications with Zach Smith from Pilot-Tax
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