Road to the TA 20-02
01-23-2020 | 01:56 PM
#11
Rodeo clown
Joined: Feb 2017
Posts: 703
Likes: 0
From: Tractor seat
01-23-2020 | 03:20 PM
#12
Gets Weekends Off
Joined: Apr 2007
Posts: 5,524
Likes: 466
DALPA says optional
I'm placing my bets on the IRS. If the IRS says it's optional I'll reconsider my stance.
01-23-2020 | 07:26 PM
#14
Gets Weekends Off
Joined: Mar 2015
Posts: 13,210
Likes: 654
From: ir.delta.com
There is nothing “optional” about it unless they’re talking about the option of voting no to opt out. If you are in doubt about this in any way ask your reps to explain the process for opting out.
If it was optional we would all be discussing how to opt IN. DYODD
If it was optional we would all be discussing how to opt IN. DYODD
01-24-2020 | 04:07 PM
#16
veut gagner à la loterie
Joined: Apr 2008
Posts: 23,286
Likes: 0
From: Light Chop
The MEC is pushing the 5% return of the MBCBP and in their latest update used it to estimate 16% DC retirement, which amounts to around 30-40% FAE. IMO, a 5% return over a long career is a very poor return that yields essentially 0% after inflation. A conservative 60/40 portfolio has averages 9% since 1928 and 6% after inflation. Wanted to see what others thought about the latest update.
Sent from my SM-G975U1 using Tapatalk
Sent from my SM-G975U1 using Tapatalk
01-25-2020 | 05:14 AM
#19
Rodeo clown
Joined: Feb 2017
Posts: 703
Likes: 0
From: Tractor seat
This one topic: the MBCBP, is why I’ve asked my LEC reps about details of what was actually proposed to the company. I support the four pillars for contract improvements, but I don’t want something like this, on which they won’t openly discuss the cost, nor will they discuss why it hasn’t been specifically polled amongst the pilot group (“we polled on retirement issues”) holding the rest of the contract negotiations hostage. I’m not happy with the reported behavior of the company either: no openers on some of the most substantial sections, no counters to our openers in those sections, and a big say vs do gap, ie “we ran too lean this last summer and we won’t do that again” vs pace of onboarding looks a lot like preparation for an instant replay of staffing levels of last summer (with the possibility that some within the company think they’ll have things better balanced between categories, so it’ll be OK).
The pilot group writ large is being treated like mushrooms, kept in the dark and fed a lot of . . . You get the idea.
The pilot group writ large is being treated like mushrooms, kept in the dark and fed a lot of . . . You get the idea.
01-25-2020 | 06:21 AM
#20
Line Holder
Joined: Jun 2019
Posts: 643
Likes: 13
From: Currently freeloading
So, a question to all of you that don't like the MBCBP (I'm still undecided, and will likely remain so until something concrete comes out). Clearly the 401k isn't adequate, so what is your proposal? What other company-sponsered options exist that allow us to shelter our retirement contributions from taxes now that you would find acceptable?
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