Originally Posted by
kronan
Qualified Plans simply refer to IRS limits. When our 1st CBA was signed, the 260 salary cap was in excess of the qualified limits.
If I'm not mistaken, the IRS limit when our first CBA was signed was $130,000 -- exactly the same as the maximum benefit a pilot could earn with the "A" Plan formula. Of course, when we signed there were no pilots who could max out all of the components of the "A" Plan formula. Fully qualified, and a primary reason for unionizing and breaking out into a separate retirement plan.
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