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Old 11-01-2020, 05:06 PM
  #404  
boog123
Gets Weekends Off
 
Joined APC: Dec 2009
Position: Capt
Posts: 2,049
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Originally Posted by Funk
The Market Based Cash Balance Plan is another retirement win because it will give another avenue for cash advantaged savings for retirement. Because of VEOP, and the previously discussed math regarding minimum balance questions, there are far fewer pilots that would need a lump sum payment to meet a minimum balance (value of minimum balance TBD). I’d say the first big obstacle would be a return of passengers and business travelers. That milestone may now be within the timeframe of this potential LOA, and then we can go back to flying and (hopefully) worrying about how much money we’re making..
its 100% your money, so the money saved is just deferred taxes. Given the earnings will be reduced the next few years, nothing burger IMO. Certainly not a single issue yes.
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