Originally Posted by
LJ Driver
?? What other things in the contract haven’t happened?
It won’t be a year it will probably be closer to 2. And the PRAP cap is a company interpretation of IRS regs and the contingent benefits rule, I’m guessing their army of lawyers looked at it pretty closely. If they’re wrong, great for us, if they’re right the PRAP cap will be as the LOA is written. Either way the 30% equities stake is in the UPA so that’s a done deal.
Judging by the visceral interweb reaction to the LOA it likely won’t pass, which is a shame mostly for the older pilots whose RHAs will far outlive them and then pass along to… the rest of us.
good I hope your right….we should not rush it and if it takes 2 years than so be it. United’s show file what we originally agreed to then amend it as needed…not the other way around! I know we already agreed to the 30% and the fees charged, that’s why less of the company money should go to it or we should at least have an option where the spillage goes like the contract says.