Originally Posted by
ThumbsUp
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.
I just hit PRAP Cash spill this year. Good problem to have but an annoying one when the CBP could let that sit tax free on the way in then more investable after 59.5. I agree the proposed CBP isn't to everyone's liking and may get punted but I think by the end of this CBA and for however long it takes until the next one there will be a growing number of pilots who are annoyed by how much cash we get from the company's 18% that will take the full tax hit.