Originally Posted by
UALinIAH
Our structure is pretty close. DAL simply has been making more profit. The one area ours is deficient (and it's a big one) they get B fund on PS also. We don't
I didn't know that. That' HUGE!!!!
The way I understand B fund as well as 401K is that we need to be very careful as to how much we put into it. Otherwise, anything over the IRS limits go into the VEBA. I would imagine that the DAL pilots, although very happy to have that problem to manage (extra money in B fund) must stay on top of this money and see to it that it is properly invested and/or accounted for at the end of the year.
This may be a topic for another thread, but on or about Sept. 30, I take a look at my IRS limits to see where I am at and then make any changes needed to my PCRA/401K so I don't end up putting money in the VEBA (or too much of it). Wouldn't it be neat if we could instead of putting into the VEBA, just put it into a tax deferred college fund for the children??