Last we heard about it was about this time last year. They said they IRS cannot confirm or deny if it will be optional. It appears we have to set it up to find out. We don’t have the AIP yet, but it was not in the cliff notes.

Also the “Minimum Balance” concept is a separate idea within the MBCBP. The idea that no pilot would retire without a minimum amount in their respective MBCBP account. If a pilot was below this number the company would plus up the pilot to the agreed amount. No mention of that in the AIP.