Originally Posted by
AbjectFutility
OK, then let's go with ME ME ME. It's more accurate, thanks for pointing it out.
My vote began as a NO until i read, watched, and listened to all of the info provided by the MEC and discussed on various SM sites.
Youre HOPING the IRS approves a better plan structure right? Do you know what will be approved? You casually throw out the phrase "implemented correctly" as if you get to choose what "correctly" entails. Of course you are cool with passing up the opportunity for 1-2 years of CBP contributions vs PRAP cash if you don't have that spill anyway...
FWIW, I'm not 59 or older. I'm not even 58 yet.
Nobody can say with 100% certainty that a plan reflecting this LOA will get approved, let alone a better one. Nobody from either side of this issue can promise anything. I don't think it's unreasonable to seek IRS approval on a plan that doesn't include a cap, like Delta. I don't think it would be unreasonable to request approval on a plan that gives our pilots the option to opt in or out of the CBP. That said, if the LOA is good enough for you, cool. I don't think it reflects what most of us had in mind. The results of the vote will be interesting.
To your comment "Of course you are cool with passing up the opportunity for 1-2 years of CBP contributions vs PRAP cash if you don't have that spill anyway...", I'm not sure what youre talking about. I do have spill. Have for many years now. I'm not new (I'm in my 25th year). Been on max scale for a while now. And I contribute to my PRAP.