Everybody wants their cake and to eat it too. The CBP by its definition in our UPA is literally ANOTHER choice from what we currently have (RHA only). It is the only way to get PRAP spill into our names and part of our estate. BTW, the “conservative” funds the RHA portfolio are in have returned 11.52% for me this year…

The IRS rule is what stipulates that the company contributions cannot be more than the total allowed (70,000) minus our pre-tax contribution (23,500). It has nothing to do with the LOA, it is an IRS rule for CBPs. As mentioned above, these are typically only allowed to go into effect on 1 January, so unless we want to wait until 2026 we need to lay the foundation now. Our UPA states it will be done in 2025, ALPA and the company have come up with a way forward to meet our contract while acknowledging we are beholden to the IRS.