The VB annual salary for benefit earned is limited by the IRS limit. So there is incentive to fly extra only for those that make less than the IRS limit. Just like the B Fund contributions stop after the IRS limit. There is no cash after cap on the B Fund. There is no mention of cash over cap on the VBP. So a captain is not really incentivized to fly extra by the VB retirement plan! But the FOs are.

BTW, the annual expense of the VB is less than 2% of pilot payroll. That is the cost of the VB. (not including fixed costs like mgt fees & PBGC fees, etc.)

So, we want to give up the A Fund out of section 6 to relieve the company from the A Fund burden for less than 2% cost to the company. ALPA hasn't fully explained the difference in fixed costs between the A Fund & VBP.

I don't understand why we are willing to give up the security of the A Fund for a retirement plan based on a 2% of salary that only grows with the stock market. That sounds more like the increase in the B Fund that was part of Contract 2015. So we are essentially giving up a guaranteed DB plan for the same B Fund increase we got in our last lack luster contract. Keep the A Fund, create a third retirement vehicle!