Tony - I enjoy reading your posts and agree with many of your points; however, can you please expand upon this statement...
"The Company's Labor Attorneys promised to raise the FAE cap to keep up with increasing hourly pay rates."
I think we all know that the only "promises" which matter are those written in the CBA
The company wants to freeze/eliminate/buy out our A plan
They'd prefer a straight B plan model, like the pax carriers now enjoy
It's cheaper, and has less risk --- especially in the economic environment of the past 10 years
My posts are geared towards the new idea that a "variable defined benefit" is the answer.
To me, it's a "defined contribution" plan in disguise.
They contribute a fixed amount which will hypothetically pay out a defined amount based on an assumed rate of return. If that doesn't work out, well that's a risk the pilots now take.
Sounds a lot like the B fund I already have, but without some of the B fund benefits --- i.e. In my name & my control
If we are successful in increasing the A fund FAE limit, I think we should tie it to other portions of our contract rates.
Perhaps, WB Capt or NB Capt x 1,000 hours --- then fill in the missing value with B fund enhancements
I don't think the company will agree to an A fund cap that captures our highest earners, and all the extra hours & various payments they may strive for in their final years --- that era won't return