Originally Posted by
FXLAX
Delta: 50%, no cap, no offsets, DC twice the benefit amount, minimum payment floor.
United: 50%, cap at 50% of 1,026 hours, no offsets, DC twice the benefit amount.
American: 50%, no cap, no offsets, DC based on the pilot’s average monthly compensation.
FedEx: 60% (50% >24 mo.), capped at 401(a)17, offsets, no DC.
Ok, I don't know what you are reading, but in both the Delta and United contract there are sections that are literally labled "Offsets."
As you stated, the DC contribution is twice the disablity benifit. The disablity benefit is after you subtract the offsets.
There is a cap for United, it is in the chart that is published. For 2025, their maximum disability benefit is $14,913.23 a month, or just under $179,000 that year. So a 12+ year A350 captain doesn't make 50% of 1026 hours at their pay rate.
Originally Posted by
FXLAX
At Delta (American and United also), you can rollover the mbcbp the year you turn 59.5 and every year thereafter. Also, at United, until the MBCBP is implemented HRA/RHA spill from the IRS 401(a)(17) limit is capped at $10,000. Spill above that amount is paid as cash to the pilot. They are also asking the IRS to allow yearly selection of which account to spillover into.
Ok, but what about all of the years until you reach age 59.5? Where do you think they came up with that age? As I am sure you know, the rate of return on the money you invested earlier is much more important than what happens at the very end.