Minimum Balance Plan
11-16-2022 | 08:30 AM
#313
Gets Weekends Off
Joined: Dec 2009
Posts: 2,058
Likes: 2
From: Capt
LMAO….I got time today for you Boog.
First, please, tell me, with quotes included, HOW was my tune different? I have never supported any Min Balance silliness.
2nd, worried about losing my A seat? I did lose my ultra junior ATL 717A seat and went to senior 73NB FO were I made more than I did a reserve 717A 4-5 leg days over the weekend(and Holidays)specialist.
First, please, tell me, with quotes included, HOW was my tune different? I have never supported any Min Balance silliness.
2nd, worried about losing my A seat? I did lose my ultra junior ATL 717A seat and went to senior 73NB FO were I made more than I did a reserve 717A 4-5 leg days over the weekend(and Holidays)specialist.
As far as making more money as a B, of course. Everyone knows that is how it works. Why do you constantly have to blow your own horn about your earnings, business’, yearly returns, newspaper articles. Odd if you ask me but whatever.
11-16-2022 | 08:30 AM
#314
Gets Weekends Off
Joined: Mar 2015
Posts: 13,223
Likes: 670
From: ir.delta.com
1. A pilot (or 13 B. 3. pilot) will be eligible to participate in the DPSP, including a cash or deferred arrangement, which is intended to qualify under Section 401(k) of the Internal Revenue Code of 1986, as amended. The cash or deferred arrangement will not have the effect of reducing other pay-related benefits provided by the Company.
11-16-2022 | 08:35 AM
#315
Banned
Joined: Sep 2016
Posts: 8,831
Likes: 499
It's literally the first clause. You have not read it.
1. A pilot (or 13 B. 3. pilot) will be eligible to participate in the DPSP, including a cash or deferred arrangement, which is intended to qualify under Section 401(k) of the Internal Revenue Code of 1986, as amended. The cash or deferred arrangement will not have the effect of reducing other pay-related benefits provided by the Company.
1. A pilot (or 13 B. 3. pilot) will be eligible to participate in the DPSP, including a cash or deferred arrangement, which is intended to qualify under Section 401(k) of the Internal Revenue Code of 1986, as amended. The cash or deferred arrangement will not have the effect of reducing other pay-related benefits provided by the Company.
too bad you didn’t read that.
11-16-2022 | 08:39 AM
#316
Gets Weekends Off
Joined: Mar 2015
Posts: 13,223
Likes: 670
From: ir.delta.com
11-16-2022 | 08:40 AM
#317
On Reserve
Joined: May 2012
Posts: 12
Likes: 0
this has been my argument against a Min Balance plan since the get-go. Why should I, me, not be able to take MY money and invest it where I want? What if I want to use that money to prop up a friend's small business? What if I want to use the excess to support my parents? What if I want to take it to Vegas and put it on black? That should be my choice and my choice alone. Not the choice of DZers who will apparently never have enough money.
11-16-2022 | 08:43 AM
#318
Gets Weekends Off
Joined: Apr 2018
Posts: 4,095
Likes: 458
Because the excess money that is slated for retirement is not qualified. It is negotiated as retirement and there should be a vehicle to have that excess qualified. This is why pilots are dumb. Do you see Ed or any high income earner taking all their money as a paycheck? No, they try and get as much deffered income as possible.
11-16-2022 | 08:43 AM
#319
Gets Weekends Off
Joined: Mar 2015
Posts: 13,223
Likes: 670
From: ir.delta.com
This is the section you are referring to and it exists only because otherwise it could be argued that overages could be forfeited. We are limited, that's the only reason you get overages.
11-16-2022 | 08:54 AM
#320
Line Holder
Joined: Dec 2008
Posts: 513
Likes: 20
From: NYC 330
There is plenty of cash to go around not some false pie argument.
ALL areas need improvement.
Thread
Thread Starter
Forum
Replies
Last Post
DLax85
Cargo
11
01-18-2017 07:53 PM
