Agree 100%. The Union is not only spending a significant amount of negotiating capital trying to implement a retirement vehicle the majority of pilots don't want, they are using misleading communications to promote it the the pilots. They've been doing this since the initial R&I Roadshow. Even a couple posters here have used similar talking points and as most can see any pilot with basic knowledge of finance and investing can see right thru it.

IMO the MBCBP is not a viable solution for the majority of Delta pilots and should be dropped from our ask immediately.



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Simple fix. Have an “out” clause if ever the Govt takes over healthcare (God help us if they do).

I like the concept of the VEBA. Now a 5% return on a VEBA I'll take because very very few investors can beat a triple tax advantaged account with a taxable one. Petitioning the IRS to allow pilots to limit the amount of DPSP Cash that goes into the VEBA would be a big win. Although VEBA funds do not pass on to your estate, I think it's a good trade-off for tax free dollars going towards the largest expense for most retirees

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ya I’m sure that’s could be arranged. Just making the point I am always incredibly weary of “promises” I 100% know what I intend to do with my money but large plans such as a medical retirement that becomes obsolete in some point in the future is not comforting at all. What tax rate is that money taxed at? Is it my money or some fund? What is the growth of said money for the time is sat in a fund for a future promise that is now obsolete?

The medical plan we have now has the HSA fund. That is 100% tax free front and back end. That’s my money that I can use for virtually anything (in the medical sphere) which is very lose. And it’s investible so you can save up to $7100 max contribution per year. That’s easily 200k if you start and have years to go. (Or at least a very healthy chunk of cash pending on your retirement date) Plus worse case if the medical system goes public well it’s still 100% your money. Kind of hard to turn that down.

I agree that a VEBA could be a huge win with the right language...the triple tax benefit is a huge benefit. That said, after the abysmal sell job on pretty crappy language last time, I think our MEC would have big battle to ever get one here.

HSA can’t be used if someone is on the DPMP. So it’s not available to all.

True. I was talking about in years when the S&P is in the red. Misunderstood that I meant long term average.

If if there’s a better alternative to it let’s hear about it.

What I don’t understand the pushback to a plan that will essentially give us a 9% raise (in addition to a raise in pay rates) but masked in a retirement vehicle that is in addition to our 401k. While our 401k is maxed, anymore DC is fruitless, so we need something additional. While not as good as 401k rules, I’ve not seen where there is something that not only is available but what can be negotiated due to tax write offs for Delta on the MBCBP.

We are are at the limits. The MBCBP May be all we have available that works for both sides and is negotiable.

Or Tricare... Not that I'm complaining at all, just some folks don't know.

Prove it. Where have you read/seen that stated as fact? That is a complete assumption on your part.

Denny

Or tricare


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