Originally Posted by
LJ Driver
Whether it’s now or in a year or two, we will get the CBP as an option instead of the RHA. As I’m all for this as an option to dump money into pretax, I feel like we should be focusing on what we want to actually change. Top things for me:
1. Less conservative investment, perhaps 50/50 or even 60/40 stock/bond portfolio.
2. Cash over cap option.
3. No PRAP company limits.
Compleetely agree with the above. It'll be an uphill battle on number 1 though when we've already agreed to 30%. My gut says it'll have to be next contract. I just don't like gives in order to rush this thing in before it's IRS approved when DAL has an IRS approved one without the gives this LOA proposes.
The UPA spells out approximately 30% equities.
22-B-2-c-(1) Except as set forth in Section 22-B-2-c-(2), a Company appointed investment
fiduciary will target an equity allocation of thirty percent (30%)
I agree it's overly conservative but it's what we've agreed to. It's something to work on probably next contract.