NATCA Bookshelf

National Office Week in Review: Oct. 14, 2015

A publication of the National Air Traffic Controllers Association

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BENEFIT SPOTLIGHT: Union Plus Entertainment Discount Getting col d out? Relax...go see a movie! You deserve a break - both from work and high entertainment costs. Through our program provider, Working Advantage, union m embers can save 40% off movie tickets & more with the Union Plus Entertainment Discount. The program helps union members save on their entertainment by allowing them to purchase tickets and passes at a discount. Simply use the program ID number provided af ter registering (required by Working Advantage) to access the discounts. Union members can purchase tickets and passes over the Internet, by phone, or by mail. Find out more at www.unionplus. org/entertainment - discounts/ . CAMBRIDGE CORNER: Thrift Savings Plan (TSP) Before employees decide how to receive the money in their Thrift Savings Plan (TSP) accounts, they are encouraged to understand how TSP withdrawals are taxed. While the TSP Servic e Office can assist TSP participants with withdrawals from their accounts, they cannot provide tax advice. TSP participants are therefore encouraged to speak with a tax professional before making any withdrawal decisions. In general, the tax treatment of a TSP participant ' s payment from their TSP account depends on the type in one ' s TSP account - traditional, Roth, or both. A participant ' s traditional (non - Roth) balance is made up of all employee contributions that have been designated as traditional when t he participant made his or her election, as well as the earnings on those contributions. For those employees covered by the Federal Employees Retirement System (FERS) it also includes the employee ' s agency automatic (1 percent) contributions, as well as an y matching contributions made to the employee's account. Earnings on agency automatic and matching contributions are also part of a traditional (non - Roth) balance. A participant ' s Roth balance is made up of all employee contributions that were designated a s Roth when the participant made the election and earnings on those cont ributions. Earnings on all Roth contributions are tax - free when withdrawn provided certain Internal Revenue Service (IRS) rules are met. Call 888 - 900 - 4690 or click HERE for more information on how Cambridge Financial Partners can help you. UPCOMING RETIREMENT SEMINARS PROVIDED BY 4 SQUARE : LOCATION 3 - 9 p.m. 9 a.m. – 3 p.m. Fort Smith, FSM October 27 October 28 Dallas (DFW) October 29 October 30 West Virginia November 3 November 4 Las Vegas November 12 November 13 Anchorage November 17 November 18 Fairbanks November 19 November 20 Juneau January 26, 2016 January 27, 2016 When you want to register for one of the above seminars, please do so by signing on to the NATCA Portal . Verify the personal information listed for you, including email and cell phone number. If any information is incorrect or missing, please correct or add it under the "My Profile" tab. To register for a seminar, click the "Events" tab, followed by "2015

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