Originally Posted by
kwri10s
Can you give the reference where a retirement benefit cannot be decreased by a contractual change voted on by the employees? Ie, if down the road the crew force decides to vote to decrease the A fund cap down to $200k and that is what is then in the contract, where in the IRS regs that not allowed. I know that cannot effect retired pilots, but pilots still on property. Thanks
IRC 411(d)(6).
"In general, the anti-cutback rules protect a participant’s accrued benefits, early retirement benefits, retirement type subsidies, and other forms of optional benefit offered under qualified retirement plans. Section 411(d)(6) generally provides that the accrued benefit of a participant may not be decreased by an amendment to the plan."
https://www.irs.gov/retirement-plans...rement%20plans.
https://www.law.cornell.edu/cfr/text/26/1.411(d)-4