Originally Posted by
TomAce
Cash over cap isn't the money grab many think it is (at least for junior FOs). That changes quickly based on seat/seniority/pay raises. But it certainly protects against changes in IRS limits. For TA1 to be a truly great retirement, particularly for new hires, cash over cap is required. It's now industry standard. I don't understand the logic in pushing back against it.
I'm not pushing against it, I just don't think it is the boost most are making it out to be.
Isn't PBS industry standard? Using that as a reason we should have it is a double edged sword. Again, I'm not against it, I even said that I thought a 18.5% DC plan option might have pushed the contract over the 50% threshold. I just don't think it is the solution a lot of posters think it is.