There is already an IRS imposed cap on company PRAP contributions, does everyone already know this? Many on here seem unaware of that. And how many of us contribute $0 to our PRAP? Not many.

The status quo in this specific area is crap. The end-state CBP will very likely look extremely similar to this LOA due to company interpretation and IRS rules. I’d much rather get another venue to shelter from taxes now than wait another 2 years for virtually the same thing.

This should be a literal no brainer. Massage your overall portfolio to recognize CBP money as your conservative bucket. This isn’t hard, it’s not some silly conspiracy, it’s trying to get a 90% CBP solution to the pilot group 2 years early.