Originally Posted by
StarClipper
One of biggest concern is what happens if someone goes on medical for a while? With the current system, you can come back from medical with 5yrs till retirement and still get you high five. What will happen under this VB plan or even an all B plan?
An all B fund would be a significant concession for many, many reasons, and that’s why the union wouldn’t consider it, even for new hires
Unfortunately, they are considering another version of a “defined contribution” plan - that’s precisely what a Variable Benefit Plan is from the company’s perspective
After making their annual contributions, the market risk is on the pilots
Given the current market highs, this would be both a strategic and tactical mistake for our pilot group