My concern with the MCBP. It's "deferred compensation"

Although ALPA would LIKE for it to be optional, my understanding of current IRS policy is it won't be. We all pay excess in or none of us do.

I have 21 years until retirement.

There are pilots on property with 40 plus to retirement.

Who is to say the MCBP will be there or properly funded if Delta goes bankrupt when I'm 63.

The Pension was bankruptcy resilient until it wasn't. There is also the concern of where the money goes if you don't live long enough to get it. That, based on my family history is a valid concern of my dependents. My father lived the longest of all my male ancestors. He died a week after his 66th birthday after losing his medical at 59.(not an airline pilot but still)

I, as a granted fairly junior Captain don't hit the IRS limits. It unless I am borking up the math is just under $381k gross to hit the 2022 $61k limit (ignoring over 50 catchup limits for now)
$381,250* 16% = $61,000
$381,250 at $271 and hour is a bit over 1400 hours pay.

Granted this is year 5 321 A pay (even more hours if I ever touch a 319/20)

Even in a year where I had 2 months rolling thunder, fairly high ALVs and a couple one or two day GS most months, i'm not getting close to that.

Im not seeing where the benefit is.

If I have dorked up some assumption, or my numbers are wrong, (got from irs.gov, but I'm not a CPA or tax guy) please correct me.