Originally Posted by
Dave Fitzgerald
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.
Nothing thinly veiled about it. The junior guys need to fund up the B funds of the senior third. We robbed peter to pay paul. Paul is gonna have to pay it back plus interest. You don't like it? So what. Any questions, Tell Insler to write the check. It's his mess, he needs to clean it up.