Originally Posted by
SONORA PASS
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
Good Point. The "Maximum" liability of the plan is a known entity. Under current law, the plan liabilities cannot increase, plan assets increase whenever a Pilot returns to work (thus entering our current plan), retires or expires. You would believe how good the historic predictions are in that regard.
These are exactly the type of questions that we need to ask the experts; Miliman in this case.
Milliman - United States
It would be irresponsible for us not to pursue these monies.
Once again, thanks for your insight.
-Ben