It’s not thrown around because it’s not an economically viable idea without adjusting the dollars to their present value, as I’ve shown.

The previous NC introduced a concept to convert the current accrued benefit in the Pension plan as a pre-funded lump sum balance in the MBCBP. So maybe it can be done?

During legacy bankruptcies, it was negotiated with the IRS to deposit one-time lump sums into 401Ks way over the standard limits.

Which legacy and what was the amount. Any supporting documentation, or just a memory?

Please provide the reference you are talking about. The NC presented a TA that did not include that. There is also a difference in changing defined benefit plans, which the MBCBP is/was and terminating the DB plan and converting it to a DC plan.

Everyone should try reading the NC message from today. That seems like a much better idea than what is being floated here.

FDX isn't bankrupt - they're just behaving that way. I'm pretty sure the IRS would laugh their highly profitable A$$es right out the door.

So you don't care if it is fair, then why not let the junior guy take the hit. Maybe it isn't being thrown around because it isn't feasible the way you envision it. Why not ask the people involved? Wouldn't they have the answers over random anonymous people on the internet?

Maybe your intention is to torpedo the NC!

just curious how many years have you been on property? And how many do you have left. Need those data points to understand your perspective. PM me if easier

Excited to see how the NCs proposal plays out. Not trying to torpedo anything . Sounds complicated with pilots potentially on 3 plans during the next few contracts.

Delta was granted permission to do this when pensions were terminated, and the amount varied by the individual, as I understand it. Will have to ask a senior Delta guy for more details.