7% of your monthly pensionable income is deposited into the "Pilots Money Purchase Pension Plan", there are some accumulative IRS limits that can be hit by some pilots with our other plans (415C I think is the IRS rule).

The plan is a defined contribution like a 401K, however it acts more like a defined benefit plan as to when you can take disbursements. No loans etc., but the money is 100% yours and can be invested exactly in the same manner as our 401K plan money.

"If your plan is a defined benefit plan or a money purchase plan, it will set a normal retirement age, which is generally the time at which you will be eligible to begin receiving your vested accrued benefit. These types of plans may permit earlier payments, however, either by providing for early retirement benefits for which the plan may set additional eligibility requirements, or by permitting benefits to be paid when you terminate employment, suffer a disability, or die.