Originally Posted by
notEnuf
If this were an option only, fine. I choose no to allow other manage my money when I can. The point is that this is going to be valued as a gain on the pilots side of the ledger. It's neutral at best. If this is sold as the retiree medical solution its a huge fail. This is a no cost, limited value item. We are talking about a tax shelter, not a medical benefit.
I don't disagree with anything you said there, other than it will be used against us. Costing is pretty much above the table for both parties (and the NMB) to see.
If it's neutral, fine. We can move on to arguing other things - like where's the $$$?
I'm still waiting for someone to point out all the egregious/nefarious things in a VEBA. So far, all I'm coming up with is I may inadvertently end up with a bunch of cash to pay for healthcare expenses. What am I missing other than it's a "tax shelter?"
All that said, I certainly didn't ask for it in my survey. I'd be curious to see where it came from. However, I'm not seeing the dark side of it, and certainly wouldn't hold my pay raise hostage over it.