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Old 11-30-2024 | 07:52 AM
  #27  
jumppilot
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20 Years
 
Joined: Mar 2005
Posts: 410
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Originally Posted by UALinIAH
Overfunded RHA? Please. If you have an overfunded RHA you've either not followed the R&I guidelines on funding it or you're been at the top end of the pay scale since 2012 and you're willing to take 2 years of RHA funding away from the rest of us. I've heard as few a 10% of our pilot group has $250,000 much less the $315k recommended years ago from Fidelity. How about the FO or younger CA who isn't on the top of the pay scale? You're making him choose for 2-3 years whether to fund his retirement or fund his kids 529 plan or pay more on bills since this locks them in to using their paychecks for PRAP to max it while forcing money into the CBP so you can get more in retirement now. Meanwhile those same brothers/sisters at the lower end of the pay scale also have 2-3 years of funds stuck in 30% equities so you can have yours now.

"I got mine Ladder up" comes to mind.

Option B. Vote no. Live under the contract that says it'll happen when approved. When the Private Ruling Letter comes it's implemented as planned. We are given the choice where to fund OUR MONEY. That's the contract we all voted on.

+1

I want every dollar that’s eligible to go in to my PRAP, subject to IRS limits.

With the LOA, I’ll have to contribute my own money to the PRAP to prevent company contributions from arbitrarily going in to a bond heavy portfolio before I’m ready.

In addition, I’m not done funding the RHA. This LOA takes that option away from me.
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