Originally Posted by
slowplay
Not true. The Notes model explains that the reasons for $205K and Years of Service Minimum Credit. It was NOT a method to target money. It was a method to equitably distribute money.
The Notes model wasn't a retirement plan, replacement plan, or a benefit plan of any type. It was a construct to deliver proceeds from the ALPA Notes. The ALPA Notes were for concessions under the contract (LOA 51). Your obvious confusion is that you believe they were a replacement for your DB, because they were made payable when the DB terminated. The reasons for the Notes was stated clearly in the contract.
I remember things unfolding EXACTLY as Sailing explained.