Not later than the 25th day of each month, the association shall distribute to each branch pilot, as provided by association bylaws, a share of the fees collected in the preceding calendar month after deducting:
(1) the pilot’s share of expenses as provided by Section 68.099; and
(2) an amount the pilot has authorized deducted and contributed to the pilot’s share of an employee welfare benefit plan or employees’ pension benefit plan established and maintained by the association.