Originally Posted by
A320fumes
To the contrary Sonora, the cost of the payouts are the only factor that is a known entity; it's known to the penny how much the LTD guys will take from the fund until they reach retirement age and the benefit expires…
Ben,
Thanks for the post and great explanation of the issue.
Knowing to the penny? Does this assume any of those pilots might return from LTD? I thought the reason the plan would be sold (which will contain some fees or a margin for the insurance company) was the fact that it is not known to the exact penny…
Either way the excess funding should be returned to those that paid it. That will also mean creating a method to decide which CAL pilots will be included and how it is divided.
All the best,
SP