Originally Posted by
FXDX
Which is exactly why we would be fools to allow the union to dump our current A plan and negotiate a new variable benefit plan. Absolute, pure folly to think that we would not have gaping loopholes in any new agreement. I'll gladly take my chances with inflation slowly eroding the benefit over the damage that the company lawyers and the market would do to a variable benefit plan.
The Odds are 100% that inflation is eroding our benefit.
Gaping loopholes?
It's Math, not something that's subject to interpretation.
The IRS DC limit is the IRS DC limit.
(I'd be worried about the potential impact of an IRS DC limit radical reduction on our Pension funding, if that issue hadn't already been addressed for our B plan (See 28.E.2))
A 2% Floor is a 2% floor.
And it's not just ALPA watching our Pension funds, it's an ERISA mandated annual report