2013-11-07T12:25:08-06:00 2012-12-31 Grant Thornton LLP 2010 CORPORATE RIDGE SUITE 400 MCLEAN VA 22102 990 2012-01-01 651297729 FEDEX PILOTS POST-MEDICARE RETIREE HEALTH PLAN % STEVEN HODGSON FEDE 7036894132 535 HERNDON PARKWAY Suite HERNDON VA 20170 Steven Hodgson 7036894132 2013-11-05 true Mary Torretta 7038477500 2012 2016-02-25 16:41:14Z Steven Hodgson 535 Herndon Parkway Herndon VA 20170 7122814 false X N/A X 2007 VA PROVIDE ELIGIBLE RETIRED PILOTS AND THEIR SPOUSES WITH A REIMBURSEMENT OF PREMIUMS PAID TO CERTAIN MEDICARE PLANS AND TO PROVIDE ACCESS TO A POST AGE 65 GROUP DENTAL PLAN 3 3 0 0 0 0 2563462 2529280 800609 2878301 0 0 3364071 5407581 0 0 527272 766808 32346 38004 0 0 0 451731 515371 1011349 1320183 2352722 4087398 63427326 71649351 1560256 151922 61867070 71497429 X SEE SCHEDULE O false false Provide a premium reimbursement of up to $1,344 per participant for the 1/1/2012 plan year for eligible retired pilots and/or their spouse who are age 65 or over and who purchase a Medicare Supplement Policy and/or Medicare Part D policy. There were approximately 630 participants at the end of the 1/1/2012 plan year receiving benefits. Provide access to group retiree rates for eligible retired FedEx pilots and their spouse who choose to purchase dental insurance through MetLife. This is a contributory plan with no cost to the VEBA for making this benefit available. false false false false false false false false false false false false false true false true false false false false false false false false false false false false true false false false false false false false false false false false true false false true 5 0 true 0 false false false false false false X 3 3 false false false false false true true true false false true true false true true true true true false X STEVEN HODGSON 7036894114 535 HERNDON PARKWAY HERNDON VA 20170 MIKE BROOME 5.0 X CRAIG DROSSEL 5.0 X 6733 AL SMITH 5.0 X 6733 FRANK MAGUIRE 5.0 X 6733 DAVID CHASE 5.0 X 4537 THE NORTHERN TRUST COMPANY 1.0 X 181639 LEE MOAK 1.0 X 1089568 189280 STEVEN HODGSON 5.0 X 222176 54694 201838 1316281 243974 1 false true false NONE NONE 0 0 EMPLOYEE CONTRIBUTIONS 900099 186766 186766 EMPLOYER CONTRIBUTIONS 900099 2342514 2342514 2529280 1775562 1775562 0 0 0 0 0 2817972 1715233 1102739 1102739 1102739 0 0 0 0 5407581 2529280 2878301 0 0 0 766808 38004 0 0 0 0 0 0 0 24350 0 0 181639 0 0 0 0 0 0 0 0 0 0 0 0 2100 PREMIUMS PD BY PARTICIPANTS 186766 VEBA ACTUARY/CONSULTANT FEES 62687 BOARD MEMBER EXPENSES 37352 ADMINISTRATIVE EXPENSES 20477 1320183 0 0 0 0 0 0 951263 137627 0 0 0 0 0 0 0 0 0 0 0 62476063 71511724 0 0 0 0 0 0 0 0 63427326 71649351 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1560256 151922 1560256 151922 X 61867070 71497429 0 0 0 0 61867070 71497429 63427326 71649351 X 4087398 5542961 X false true X true false 0 PENDING TRADE PURCHASES 151922 151922 10950542 5542961 5542961 5407581 5407581 1320183 1320183 1320183 SUPPLEMENTAL INFORMATION PART X The Air Line Pilots Association Fed Ex Pilots Post-Medicare Retiree Health Plan Trust qualifies under Section 501(c)(9) of the IRC as a VEBA. The VEBA has received an exemption letter from the Internal Revenue Service (IRS) dated August 22, 2008. Accordingly, no provision for income taxes is needed. The Plan and the VEBA trust are required to operate in conformity with the IRC in order to maintain the VEBA's tax-exempt status. The Plan administrator is not aware of any course of action or series of events that has occurred that might adversely affect the VEBA's tax-exempt status. The Plan has been amended since the most recent determination letter was issued; however, the Plan administrator believes that the Plan is currently designed and being operated in compliance with the applicable requirements of the IRC. Accounting principles generally accepted in the United States of America require plan management to evaluate tax positions taken by the Plan and recognize a tax liability (or asset) if the organization has taken an uncertain position that more likely than not would not be sustained upon examination by the IRS. The plan administrator has analyzed the tax positions taken by the Plan, and has concluded that as of December 31, 2012 and 2011, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The Plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The plan administrator believes it is no longer subject to income tax examinations for years prior to 2009. false true false LEE MOAK 347100 742468 158411 30869 1278848 244472 STEVEN HODGSON 219793 2383 33999 20695 276870 Schedule J, Part I, Line 4b Steven Hodgson and Donald L. Moak participate in a supplemental nonqualified retirement plan. The 2012 expense for this plan was $10,400 and $0, respectively. ORGANIZATION'S MISSION FORM 990, PART III, LINE 1 PURSUANT TO THE COLLECTIVE BARGAINING AGREEMENT BETWEEN FEDEX CORPORATION AND THE AIR LINE PILOTS ASSOCIATION, INTERNATIONAL, THE MISSION OF THE FEDEX PILOTS POST-MEDICARE RETIREE HEALTH PLAN IS TO PROVIDE ELIGIBLE RETIRED PILOTS AND THEIR SPOUSES WITH A REIMBURSEMENT OF PREMIUMS PAID TO A MEDICARE SUPPLEMENT HEALTH PLAN AND/OR A MEDICARE PART D PLAN, AND TO PROVIDE ACCESS TO A POST AGE 65 GROUP DENTAL PLAN. THE PREMIUM REIMBURSEMENT RATE IS DETERMINED ANNUALLY BY THE BOARD IN ACCORDANCE WITH THE PLAN DOCUMENT. Governing Body PART VI, SECTION A, LINE 1A AND 1B The Board consists of two active pilots one of whom is a regular board member with voting rights, and one of whom is an alternate member who votes if the regular member is not present. The Board also consists of three retired pilot members, two of whom are regular board members with voting rights and one who votes if the one of the regular members is not present. Organization's Members and Stockholders Part VI, Section A, Line 7a The president of the Air Line Pilots Association, International, has the power to appoint and remove all members of the Administrative Board. Part VI, Section A, Line 7b AS THE ASSOCIATION IS THE PLAN SPONSOR, THE PRESIDENT OF THE ASSOCIATION SIGNS ANY PLAN DOCUMENTS AND ANY CHANGES TO THE PLAN DOCUMENT. Committee with Authority Part VI, Section A, Line 8b The organization does not have committees with authority to act on behalf of the governing body Form 990 Review Process Part VI, Section B, Line 11 The final draft of the organization's form 990 is sent to the VEBA Board Members; Steven Hodgson, ALPA management; and Barbara Esplin - consultant who coordinates the audit, 5500 and 990 for the Plan. Each person reviews the draft Form 990 and is requested to provide any feedback to Barbara Esplin, who in turn reports any comments back to Grant Thornton. The comments are incorporated into the final version of the Form 990 which is filed with the IRS. Conflict of Interest Policy Monitoring & Enforcement Form 990, Part VI, Section B, Line 12C Fedex Pilots Post-Medicare Retiree Health Plan follows the conflict of interest policy of its related organization Air Line Pilots Association International ("ALPA") seen below. (1) ALPA's conflict of interest policy is reviewed with employees, a written copy is included in each employee new hire kit, included in the employee handbook and the policy is posted on the employee staff center website. The policy provides examples of some of the relationships that should be avoided. The policy requires that all employees avoid conflicts between their personal interest and the members of, or persons represented by, ALPA or the interest of ALPA in dealing with employers or with suppliers, customers, and all other organizations or individuals seeking to do business with ALPA. If a conflict is reported, discovered, or suspected, it is addressed first by the employee's supervisor and, if necessary, by the human resources department, and in either case, appropriate measures are taken, which can include termination for violation of the policy. (2) In accordance with Federal labor laws, ALPA is governed by officers elected from among the membership. Accordingly, decisions made by ALPA's governing bodies necessarily affect the officers who make up those governing bodies, just as those decisions affect the union members as a whole. However, section 501(A) of the Labor-Management Reporting and Disclosure Act (LMRDA), 29 U.S.C. S501(A), states that officers and other union representatives "occupy positions of trust" with respect to the union and so that "[I]t is, therefore, the duty of each such person, taking into account the special problems and functions of a labor organization, to hold its money and property solely for the benefit of the organization and its members and to manage, invest, and expend the same in accordance with its constitution and bylaws and any resolutions of the governing bodies adopted thereunder, to refrain from dealing with such organization as an adverse party or in behalf of an adverse party in any matter connected with his duties and from holding or acquiring any pecuniary or personal interest which conflicts with the interest of such organization, and to account to the organization for any profit received by him in whatever capacity in connection with transactions conducted by him or under his direction on behalf of the organization." The responsibilities imposed by LMRDA section 501(A) may be enforced by union members through suits in federal courts, or by the Secretary of Labor, and those responsibilities govern the union's actions. Process of determining Compensation Part VI, Section C, Line 15a and 15b The Administrative Board of the Organization has set the reasonable compensation rate which is articulated in the organization's VEBA Administrative Board Administrative Manual. 1. Retired Members serving on the Board: will be compensated 6 hours per day at the widebody Captain rate, plus a 7.65% override to offset THE EMPLOYER'S SOCIAL SECURITY MATCH. TRAVEL DAYS WILL BE COMPENSATED AT 1/2 (ONE HALF) OF A FULL DAY RATE. PARTIAL DAYS WILL BE PRORATED. 2. Active Members of ALPA serving on the Board: will be compensated 6 hours per day at the widebody Captain rate, plus a 7.65% override TO OFFSET THE EMPLOYER'S SOCIAL SECURITY MATCH. TRAVEL DAYS WILL BE compensated at (one half) of a full day rate. However, when the pilot is on flight pay loss, compensation will be per the MEC policy manual. 3. All VEBA Administrative Board compensation will be approved before payment by the VEBA Administrative Board Chairman or his designee. In no case will a Board Member approve his own compensation. The organization does not compensate its officers directly. Public availability of information Part VI, Section B, Line 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC TO THE EXTENT REQUIRED BY LAW. Air Line Pilots Association Int'l 360710830 Labor Union VA 501(C)(5) N/A NA false ALPA Emergency Relief Fund 535 Herndon Parkway Herndon VA 20170 141936814 Support ALPA VA 501(C)(3) 11A ALPA false 1625 Massachusetts Ave 535 Herndon Parkway Herndon VA 20170 520946056 RENT PROPERTY VA 501(C)(2) N/A ALPA false Air Line Pilots Association PAC 535 Herndon Parkway Herndon VA 20170 521062313 PAC VA 527 N/A ALPA false ALPA Pilot Welfare Benefit Plan 535 Herndon Parkway Herndon VA 20170 541775762 VEBA VA 501(C)(9) N/A ALPA false Retiree Health Plan & Trust for Certain 535 Herndon Parkway Herndon VA 20170 541587464 VEBA VA 501(C)(9) N/A ALPA false International Pilots Services 535 Herndon Parkway Herndon VA 20170 541867306 CONSULTING VA ALPA C Corp Kitty Hawk Insurance Company Ltd 41 Cedar Avenue Hamilton BD BD ALPA C Corp false false false false false false false false false false true true true true false false false false