Originally Posted by
FDXLAG
The Cap is usually raised annually by the IRS I think it went up about 1k a year the last couple of years which roughly equals the rate of inflation.
We do have a cash over cap when you think about our excess sick leave buy back.
If you are ~50% or better on the seniority list, there is NO CHANGE to your retirement! The B Fund increase only helps the bottom half of the seniority list. After you reach the IRS limit, contributions stop.
The TA provides a "Cash Bonus" for retirement instead of the traditional .02% bump in the 2% multiplier. Neither of these are good for the WHOLE SENIORITY LIST.
Lag,
Don't try and sell one piece of the retirement strategy already in the CBA as reason to justify accepting the TA. That makes no sense!