[QUOTE=Simple Minded;3856039]Reportedly only 40% of UA pilots take an active role in their company retirement (60% don't contribute at least $10500 to maximize yearly PRAP), some thoughts using under 50 numbers:
PRAP Cash was implemented for the transition to CBP to not exacerbate RHA spillage from increased contract wages. It was not meant to be permanent as it is not a solution to the "problem" of maximizing tax sheltered retirement funds (a problem Delta spent at least 3 years solving with the CBP). PRAP Cash only starts after at least 10K RHA spillage (403800 earnings). A pilot with 20K PRAP Cash (~520000 earnings) would take home 13600 in the 32% bracket. With the LOA, that 30K would now be in the pilots estate and protected from current year income taxes.


Good Points on the PRAP!!!

In Unity...