I have to meet with my financial guy soon and I usually have a few questions before we get started.

if I have 15 years to go what was the net effect or HIT on my B fund as a result of the pandemic relief LOA?

I have heard a few questions from the senior 2 thirds asking similar things. pilots with 10 years to go, etc.

Was there any consideration to the top two thirds as to how hard their B fund was hit? How does ALPA plan to make it up?

Isn't there IRS limits to be concerned with here?

When you really look at reductions to the top two thirds of the pilot group's B fund it may really start to gnaw at you as far as the net effect.

Curious as to know about the intrinsic value of a dollar invested, the time value of money, and the top two thirds strategy now as retirement gets closer for them with reduced input into their B funds. Did the negotating committee consider this?

It's really an issue of A: personal retirement strategy, B: UAL MEC retirement strategy , and C: How do we fix it?, and D: Government regulations or restrictions...

The only thing I can really tell my retirement guy is I will work as hard as I can to make up the short fall. Not sure really.

 

Answered all your own questions. Really just a thinly veiled complaint. Hope it all works out for you.

 

B fund? ALPA make it up? You are largely responsible for your own funding after the company's contributions. Even with the pay cuts, many pilots will still be hitting the IRS limits so the qualified funds will not be affected at all. However, excess spillage will drop dramatically.

Do remember, this last year we still got a decent payout of profit sharing. I put a big chunk of that into my 401K. Won't be happening this next couple of years.

 

Nothing thinly veiled about it. The junior guys need to fund up the B funds of the senior third. We robbed peter to pay paul. Paul is gonna have to pay it back plus interest. You don't like it? So what. Any questions, Tell Insler to write the check. It's his mess, he needs to clean it up.

 

I'm not in the bottom 1/3. But you trying to villanize the bottom 1/3 is going to have the opposite effect of whatever your goal is. Many in the middle 1/3rd remember LOA25 and a couple of furloughs.

 

Point of order.... LOA 25 was largely rectified in the 2016 extension.

 

I know, but the damage was done when we were on the street in 2012.

 

This made me spit my whiskey out. This is literally the dumbest take of the century.

 

I hope you have at least 30 days before your next drug test......

 

How about you roll some money into my A fund that you gave away?