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Old 08-05-2016, 05:28 AM
  #101  
JoePatroni
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Joined APC: May 2009
Posts: 1,825
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Originally Posted by XHooker View Post
Joe, my understanding is the fund has around $14M that will never be used. That money can be refunded because it will otherwise just sit there because, as you say, it cannot be used for any other purpose than LCAL pilots LTD. Therefore, it should be refunded. Regardless, the amount of money is a fraction of what Chuck states (I figure my portion is around $4K... a three day trip, not the month and a half pay Chuck mentions). Admittedly, my understanding could be way off from reality. I believe C5 discussed this recently in a blast mail, and the amount was significantly less than even the figure I came up with.
The problem is ONLY the company determines "never be used," so far they have NOT determined it will never be used. They own 100% of the plan liabilities, frankly I don't blame them.
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