Airline Pilot Central Forums - American DC plan or FedEx A plan DC plan mix

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- - American DC plan or FedEx A plan DC plan mix (https://www.airlinepilotforums.com/fedex/116816-american-dc-plan-fedex-plan-dc-plan-mix.html)

I think it’s a good opportunity for the company to earn the trust of the crew force by exposing the downfall of this VB Plan and rejecting in best interest of the crew force

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Originally Posted by kwri10s (Post 2698366)

This section with Mr Reardon is where I cannot for the life of me follow where he got from point A to point B. I understand the simple math he is using to get to his solution, but I don't think he is either explaining this correctly or there's a huge leap of faith somewhere.

Wow! So the guy from Cheiron, who the union pays monthly, and has spent close to a million dollars of our union dues can't explain the plan they are trying to negotiate correctly?:eek:

If you really believe that, or think that there is a huge leap of faith involved, is this really a plan that you want.

It makes sense though, we pay lawyers who can't create language to protect first class deadhead banks or define "known R days."

I think it speaks volumes that the company is willing to listen to this outside of section 6 when the last contract took 4 years to negotiate. 2 years of good faith meetings under the bridge contract and a little over 2 years after that until a TA. 4 years to get us to give up items for a less than 3% a year pay raise. They must be laughing all the way to the board room.

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Originally Posted by TonyC (Post 2698413)

If I'm not mistaken, the IRS limit when our first CBA was signed was $130,000 -- exactly the same as the maximum benefit a pilot could earn with the "A" Plan formula. Of course, when we signed there were no pilots who could max out all of the components of the "A" Plan formula. Fully qualified, and a primary reason for unionizing and breaking out into a separate retirement plan.

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Looked it up, and you aren't mistaken. IRS raised the qualified limit to 130k effective 1 January 2000.
So, I'm thinking the verbiage in our PBB on Qualified\non-qualified benefit components just legacy language written earlier in 1999.

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Originally Posted by kronan (Post 2698557)

Actually, it was raised from $125000 to $130000 effective Jan. 1, 1998. That also happens to be the year before FedEx pilots signed their first contract.

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Originally Posted by StarClipper (Post 2696071)

Can’t we at least explore profit sharing and an increase in the B plan? This VB Plan isn’t worth the risk.

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Originally Posted by TonyC (Post 2696410)

We already have pilots hitting the 415(c)(1)(a) contribution limits. That makes the effective rate of their "B" Plan ZERO percent for the rest of the year. If we're going to put effort into improving the "B" Plan, we have to talk about Cash Over Cap features. When we get to that point, we may as well switch the conversation back to pay rates.
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Exactly, cash over cap or higher hourly. Stock options wouldn’t be a bad idea either.