Originally Posted by
BUSTED
Can anyone briefly explain the difference in the "Delta Pilots Savings Plan" and the "Delta Pilots Defined Contribution Plan"?
Cheers,
BUSTED
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The DPDCP was what was created when the pension was cancelled. The DPSP was a 401K that existed for all employees as well with Fidelity.
A couple of years ago, they decided (ALPA and the Company) to just merge the DPDCP into the DPSP and make the contributions to the DPSP instead.
At that time you could have rolled your DPDCP balance into the DPSP, taken it out with applicable tax penalties, or rolled it into your own IRA.
So as posted above, for all newbe's it's all just the DPSP.