Originally Posted by
FDXLAG
Ok Tony tell me what you want the DB plan cap to be to get your yes vote. Give me a number 262 263 264 ... Stop me when I get there. 265 Fred's rich I say 266.
Sure, like the car salesman who meets you at the door and starts with, "Tell me how much you want to spend." HA!
A wide-body Captain earning the top pay rate and working a normal schedule with Average BLG should be able to get 50% of that income in his Defined Benefit Plan. The higher the Pay Rate, the higher the FAE cap.
We publish "Improve DB Plan" instead of "Raise FAE Cap to X Dollars" because it would be stupid to negotiate with ourselves in public. But when your Defined Benefit is supposed to be 2% x 25 Years of Service (for those who are keeping track, that's 50% at the top end) times the Final Average Earnings, the result should not be less than 50% of Final Average Earnings!
(I take it by your effort to misdirect that my assumption was correct, that you were confusing different IRS limits. I hope you'll reconsider your position now that you realize your previous understandings were erroneous.)
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