Why I'm Voting No
#21
Gets Weekends Off
Joined APC: Aug 2012
Posts: 711
We will never see $210,000 (the current IRS limit on how much you may receive in a calendar year as the BENFEFIT from your Defined Benefit Plan "A Plan") unless the Final Average Earnings Cap (the CBA limit to the income that can be multiplied by 2% x Years Of Service to calculate the annual retirement benefit, so maximum of 50% of FAE) is raised to twice $210,000, or $420,000. Unless and until the FAE cap is raised or removed, we can never reach that IRS limit.
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#22
#23
Gets Weekends Off
Joined APC: Aug 2012
Posts: 711
#24
Thanks for pointing me in the right direction.
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#25
They don't get there via high RLG or overrides.
#26
New Hire
Thread Starter
Joined APC: Sep 2015
Posts: 5
#27
#28
Can we please stop quibbling about whether a 777 FO can hit the limit and discuss the real problem - that the limit should be $410K this year, and that no FO can hit that.
The limit should be something that guys strive to hit - upgrade to make my high 5. We've all flown with guys doing that. Why? Because it was worth it!
I see two options for the A plan. Either tie it to IRS limits (that adjust every year) or tie it to our new pay rates (that adjust every year). It should stay at a minimum of highest WB CA x 1000. If the WB CA rate hits $300, then the A-plan cap is $300K. The dollar amounts are negotiated together.
The A-plan is nothing more than deferred compensation. We could get much higher payrates now if we gave up the A plan. But it is a negotiated benefit that we HAVE given up compensation before to secure. Letting it die on the vine is an insult to us and previous negotiations.
The limit should be something that guys strive to hit - upgrade to make my high 5. We've all flown with guys doing that. Why? Because it was worth it!
I see two options for the A plan. Either tie it to IRS limits (that adjust every year) or tie it to our new pay rates (that adjust every year). It should stay at a minimum of highest WB CA x 1000. If the WB CA rate hits $300, then the A-plan cap is $300K. The dollar amounts are negotiated together.
The A-plan is nothing more than deferred compensation. We could get much higher payrates now if we gave up the A plan. But it is a negotiated benefit that we HAVE given up compensation before to secure. Letting it die on the vine is an insult to us and previous negotiations.
#29
Gets Weekends Off
Joined APC: Nov 2006
Position: 767 FO
Posts: 8,047
...
The A-plan is nothing more than deferred compensation. We could get much higher payrates now if we gave up the A plan. But it is a negotiated benefit that we HAVE given up compensation before to secure. Letting it die on the vine is an insult to us and previous negotiations.
The A-plan is nothing more than deferred compensation. We could get much higher payrates now if we gave up the A plan. But it is a negotiated benefit that we HAVE given up compensation before to secure. Letting it die on the vine is an insult to us and previous negotiations.
#30
Banned
Joined APC: Mar 2009
Position: 757 Capt
Posts: 798
Why I'm voting no - in a nutshell.
I am forced to read every single line of every single section and know, beyond any shadow of a doubt, that it will be misinterpreted, abused, misrepresented, and go undefended by my union.
Look at any contract through that lens and it's ugly.
The real problem is the environment of mistrust that has been created by flight management the past few years.
Maybe it will cost them some money to repair that relationship.
Pipe
I am forced to read every single line of every single section and know, beyond any shadow of a doubt, that it will be misinterpreted, abused, misrepresented, and go undefended by my union.
Look at any contract through that lens and it's ugly.
The real problem is the environment of mistrust that has been created by flight management the past few years.
Maybe it will cost them some money to repair that relationship.
Pipe
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