Originally Posted by
Pilotguy21
Heard this idea the other day that's not being talked about...
Pay each pilot 150K for every year of service into 401K or another retirement account he/she controls immediately
That would require ~10.5B of the 20+B currently in the pension fund
From that moment on every pilot gets 18% Cash over Cap into B plan. Get rid of MBCPBPBCPBCP notion
- Every current pilot instantly on the same plan (retired pilots stay on pension)
- Never negotiate retirement ever again, which frees NC up to hammer pay scales and QOL every cycle like Delta
- Eliminates the old pilot vs new pilot strife surrounding retirement priorities
- Eliminates yes voters based on retirement section alone
Big winners are our estates and our unity. I can't think of anyone who loses, including the company...
Discuss pros and cons
Can they just lump sum contribute into your 401k beyond traditional IRS limits? Legitimate question. Not sure that is possible.