Originally Posted by
Simple Minded
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:
Delta was Cash over Cap prior to their last contract. This resulted in more take home pay, the ability to perform a Mega Back Door Roth, and probably more current year taxes than UA pilots because of the triple tax advantaged RHA. Delta is now CBP except for those that opted out during the transition. Delta did not attempt to have optionality of RHA, CBP, and/or Cash over Cap, therefore in setting up the CBP there was no possibilty of a contingent benefit and thus no restriction.
I won't quote your entire post, but you just skip over the fact that most pilots will have to contribute more of their own money to max out there PRAP, making it more difficult to effecitively utilize the other buckets that you mention. Some won't be finiancially able to max out their PRAP due to present and past circumstances. I'm happy to hear that it sounds like youre fortunate enough to fully take advantage of ALL of the provisions that this LOA has to offer, but a majority of our pilots won't be able to. And that's what matters. Many pilots are still trying to work on getting their RHA balance up. Sounds like you're under the assumption that most pilots have been able to max out their PRAP, currently hold a simialr amount of money in their RHA as you, and possibly have access to Tricare. That is not the case.