Originally Posted by
hopeSales
That's ok slick you can put your head back in the sand now. Appreciate you speaking out even though you don't have a clue.
I'm pretty sure you're the guy being talked about in this thread:
http://www.airlinepilotforums.com/ua...ml#post1639905
Because you are obviously too smart to "be told" anything, this is for the everyone else's benefit.
Originally Posted by
hopeSales
Question - do you know who made the decision or who was involved in the process? Did Green make the decision unilaterally or get the LCAL guys involved?
Yes, the CAL and UAL MEC made this decision to accept the UPA as did every pilot on the property when the majority ratified the contract. Have you read section 22 and 24 of the UPA. The PRAP was announced Fall of 2012 and ratified 12/15/2012. This was done with Ernst and slew of CAL R&I guys.
Originally Posted by
hopeSales
There's been no communication from the R&I people until this showed in the mail - 3 weeks before we get the stuff in the mail all funds locked effective May 30 and unlocked on rollout a few days after that.
I guess the R&I committee is taking a cue from management and acting unilaterally and telling us what they did after the fact. I don't trust them - you forget we basically rid ourselves of Scwab and Green brought them back. I wonder why?
Going back through my mail, I found this from the Fall 2012 roadshow mailings. How is it I knew about the PRAP transition and RFP process all the way back then? Weird, huh?
Defined Contribution Plan (22-A)
· 16% Employer Contributions (B and C) – maintains current book
· Maintain PDAP till Merge Plans in late 2013 or 2014
· Pilot Retirement Account Plan (PRAP) - Merger of UAL PDAP & CAL 401(k) & B-Plan
o Merged Plan will incorporate best features of Current Plans
o Roth 401k
o Company pays for Investment Advisor and 1/3 Administrative fees
o Optional Vacation Deferral to PRAP
o Amounts in Excess of 415(c) and 401(a)17 go to Retirement Health Account (RHA)
o RFP all Vendors
o Pilots on Investment Committee and Vendor Selection and Oversight Committee, giving pilots equal role in running Plan (as in PDAP currently)
Do you get spoon fed at work too? Just kidding, don't answer but you should read the linked post. It's you!