Originally Posted by
But seriously
Hopefully at some point ALPA can tell us why the company thinks there’s a difference between our plan and Delta’s. They aren’t gaining anything by imposing this rule. They give us the exact same amount of money, it just goes to a different account. Maybe they are being more conservative than we think is reasonable, but if it were 100% cut and dry, why would they be insisting on this? What do they care?
I care because that's money I HAVE to dedicate to the PRAP to make up the difference. The CBP was supposed to give us options on how to manage our retirement. But this LOA takes options away from us. It's forcing money into a CPB that otherwise we'd be able to direct how we wanted it invested. I'm too lazy to do the math but on the other UAL forum someone did and I recall they showed someone hired in their 30s with 25-30 years of locking in an additional $13000 into the CPB with only 30% in equities is losing out on approximately $700,000 in earnings over that time compare to just putting it into an S&P fund/etf. I care because this LOA would lock those of us who planned to utilize maximizing our RHA out during our WB CA years are getting hosed. Who wins? Those who have $300k already in their RHA who don't want more. But that was addressed already by the $10k max that's in place.