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Important information for DAP participants taking the IRS required minimum distribution (RMD).

The DAP Executive Director, Michelle Silberberg, will contact you when you turn age 70.5 to review the RMD process. The majority of DAP participants within the former TWA pilot group are taking the RMD and the DAP has been successfully assisting our participants in managing this distribution for many years now. Here are some of the most popular ways that our participants take this mandatory distribution. If you have further questions, please don’t hesitate to call the DAP Office at 314-739-7373.

1) The most popular method of meeting your RMD is through the AUTO RMD method. You choose the timing – monthly, quarterly, semi-annual, or annual. You also choose the start date and tax withholdings. Your RMD is automatically calculated and distributed to you according to your specifications. We can also set up a direct deposit to your bank account at no extra charge.

2) You may also establish a regular periodic payment (PPAY). This is an option for those that want to take specific set payment amounts on a monthly, quarterly, semi-annual or annual basis. Usually the specified PPAY, over the course of the year, adds up to an amount that is over or under the RMD calculation. If your total payments for the year are under your RMD calculation, then DAP will automatically distribute the shortage amount to you the week before Christmas.

3)Another option is to call into the DAP Office or Empower Call Center to take a distribution when you are ready to take it. This is called a partial distribution. Some of our pilots call in several times a year to take their distributions when needed. They do not wish to be held to a payment schedule. If your total payments for the year are under your RMD calculation, then DAP will automatically distribute the shortage amount to you the week before Christmas.

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