Originally Posted by
StillFlying
Knowing that inflation erodes the A plan buying power, if enacted wouldn't your plan force people to work harder to help their retirement? (More so for the increased B plan, but to some extent profit sharing.) Working harder seems like a gripe of many who oppose the VB. It seems, at least in terms of a beefier B plan, in addition to working harder, it would have people upgrade sooner. This too seems like a gripe I have read about the VB Plan.
I think the point is that we keep the current DB plan, with an increase if we can get it. If not, significantly increasing the B plan keeps us diversified between a defined benefit that is not subject to market risk for the pilot, and a B plan that is.
The company has over $30,000 per pilot that they could contribute to the B plan before hitting IRS caps. That could go a long way to bridging the inflation gaps.