Some encouraging words here, and AA guys appreciate the notes of support that so many pilots have posted here, on other forums, and face-to-face.
I am embarrassed to say I don't know how 401K matching works. For 20 years now, I've had the A and B funds, and I've been maxing out my own personal 401K.
If a company contributes to a 401K, and such contributions take it over the pre-tax maximum, is the remainder taxed, but then accrues tax-free within the 401K? In other words, let's say I'm already contributing $22,500 (I'm over 50) in 2012, where would a company 14% come in? 14% of a $100,000 FO pay is $14K. Does this mean I have to reduce my own personal contribution so that the TOTAL remains below $22.5K?
Scope - I agree that once given away, it''s gone forever. I am afraid that the very senior (as in elderly) bulk of the APA is going to think "I'm all set seniority wise... this will screw new hires and junior captains, but not me, so I don't really care that much."
