Originally Posted by
Tailhookah
Whole life or annuities are very, very expensive. Why do you think insurance guys love selling them? That nice house or big boat your insurance guy came from selling these products.
It seems that Delta gets tax breaks from this MBCBP. They do not for an increase to DC. Right? I think Alpa is working inside of tight parameters to find something that we can get the max benefit for with Delta’s agreement inside our contract that can increase our bottom line in other places not so obvious. More like a hidden raise.
Thats how how I see it. We are not going to get the equivalent in pay raises and the more tax sheltered income we get at this level, the better.
The MBCBP will also be expensive and inefficient. Why do you think PWC and Fidelity love selling them to pilot unions?
The payroll tax savings to the company at that level is minimal, should just be 1.45% for Medicare. Most everything else should have been paid to the cap. So it’s not like they have this huge savings to split with us.
It seems you love this plan and really want it. So maybe spend your time pressuring ALPA to actually be honest about the “optional” nature of the plan and commit to abandoning it if it’s mandatory. If they actually did that then most of us arguing against the MBCBP would back off.