Originally Posted by
UALinIAH
Meanwhile all we have to do it point to DAL's IRS approved plan that does not restrict company contributions. I'm not buying the excuse. I do think the company wants to limit their exposure for potentially having to plus up if the plan loses money. I think the company probably said if you want this before it's approved you have to give up our exposure. So ALPA blinked.
Whether you think that or not, the company will not approve a CBP without the limits in the LOA. If this gets voted down, more concrete terms for the CBP will definitely be something to negotiate in the next UPA. It looks like we just weren’t explicit enough as to what we wanted. Not sure if Delta was, but we definitely were not.
From my understanding, there is no “wait & see if the IRS will approve something else option,” so if that’s your top issue (it’s mine). The CBP will likely be off the table this cycle.