Originally Posted by
Flying Boxes
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.
As a captain who is in the top 1/3 of the master seniority list and only flies his awarded line, I still haven't maxed out my high 5 under the current retirement. I haven't reached the IRS earnings limit 1 time. If this VB plan passes, you better bet that I will work extra, especially if they don't do a realignment bid.
I wonder how this will effect the next section six negotiations if a lot of pilots are working extra to maximize their VB retirement?