Originally Posted by
A320fumes
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
Ben,
Thanks for the updates and background information on this issue.
You are absolutely right that this excess should be pursued. The sooner it happens helps return the money to the most pilots, while waiting might offer more to return but less pilots would be around to return it to.
The real challenge will be adopting a "fair" plan to decide who to return to the excess funds to, and how much each should get.
Once again thanks for the updates!
V/R
SP