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Airlines news

Friday, October 6, 2017

Pension - HL 279 (1)

 RE: Delta changed from a fully funded pension check to an ACH check which goes through the Federal Reserve

Date: 10/3/2017 9:49:47 AM
To:
Subject: Fwd: deposit of Delta Pension Checks (in any bank)

 Here is something I just found out. Please send to all retirees you know.
Mary please send to all Presidents.
Sue, I would think this should go on our website and in Nov Newsletter.
Thx Paul  

I'm don't know if any of you got the first message from Joyce or the answer from Sue. I think you all should be aware that the deposit date of you pension check (in any bank) has changed if the 1st of the month falls on a weekend. the deposit date will be the following Monday (or Tuesday if Monday) is a holiday.  If you have any auto payments coming out of your account you should set  those payments the 4th of the month or later.
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1.
On Sunday, October 1, 2017 4:37 PM, Joyce wrote:

Our pension check is not in our accounts!!!!!!  I called the Delta Credit Union - they had a policy change they did not tell us about.  They are now holding funds when the 1st falls over a weekend or holiday until the next business day.  Which means our pensions won’t be in our account until October 2nd this month!  
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2.
I got this response from Sue:


Ok - I just talked to Julie B. who verified that Delta changed from a fully funded pension check to an ACH check which goes through the Federal Reserve - which is only processed Mo-Fr.  DCCU can only deposit the money when they get it which is the first business day (non-holiday) after the check is issued.  No matter where you bank - it would be the same result!!!  Hope that helps!


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