Your contributions are automatically deducted, each pay period, from your paycheck. This automatic payroll deduction makes savings a top priority. You don't see the money, so you're not tempted to spend it.

US Airways may help your savings grow by providing a company matching or non-discretionary contribution on your behalf. Be sure to review the Plan Features chart for details on the features in effect for your group.

Your pretax contributions are deducted from your pay before income taxes are withheld. This lets you increase your take home pay and decrease your current taxable income. When you make a pretax contribution to the Savings Plan, the amount of the contribution is added into your account, but your take home pay is reduced by less than the amount of your contribution. That represents an increase in your take home pay compared to what would happen if you contributed the same amount on an after-tax basis. To see how your pretax contribution might affect your take home, go to the Take Home Pay Calculator and select Retirement Calculators.

Investing money in the Savings Plans gives you the benefit of tax-deferred savings. Your pretax contributions are not tax-free, they're tax-deferred, which means you don't pay income tax on this money until you withdraw it from the plan (which is usually at retirement, when you may be in a lower tax bracket).

You may be eligible to roll over eligible savings from a previous employer into your Savings Plan. You can also take your plan vested account balance with you if you leave the company.