Originally Posted by
baseball
How does ALPA plan to make it up?
Isn't there IRS limits to be concerned with here?
When you really look at reductions to the top two thirds of the pilot group's B fund it may really start to gnaw at you as far as the net effect.
Curious as to know about the intrinsic value of a dollar invested, the time value of money, and the top two thirds strategy now as retirement gets closer for them with reduced input into their B funds. Did the negotating committee consider this?
It's really an issue of A: personal retirement strategy, B: UAL MEC retirement strategy , and C: How do we fix it?, and D: Government regulations or restrictions...
The only thing I can really tell my retirement guy is I will work as hard as I can to make up the short fall. Not sure really.
B fund? ALPA make it up? You are largely responsible for your own funding after the company's contributions. Even with the pay cuts, many pilots will still be hitting the IRS limits so the qualified funds will not be affected at all. However, excess spillage will drop dramatically.
Do remember, this last year we still got a decent payout of profit sharing. I put a big chunk of that into my 401K. Won't be happening this next couple of years.