Originally Posted by
LJ Driver
I’m somewhat familiar with how DAL’s is setup, and I’m getting up to speed on the newly offered FX one, does anyone have the details of the United Market Based Cash Balance Plan referenced in the NC notes?
This could be a very nice and lucrative addition for us to shield some money from taxes, or it could be a flop. Either way, I’m guessing due to RLA provisions and Treasury rules each of us will need to make a one-time choice to either participate or never be allowed to again, so we definitely need to understand it.
It’ll be a flop return wise, like the Retiree Health Account, but unlike the Retiree Health Account, the dollar value of credit will be the pilots can be inherited instead of forfeited to the administrative entity upon the death of the pilot (and spouse where applicable)