I’m not sure if you were arguing with me or just quoting me, but I didn’t say PILOTS shouldn’t care. I care where that money goes too. It’s my money. I was saying I don’t think the company would pretend there is a regulatory problem if they didn’t think there was some chance they really see one.

I hate to say it, but you all are arguing over nits. You want a higher return? It's already going to be better than what we have now.

And.....historically......pilots suck at managing money. Usually manage it till its gone!

What I want is options on how to use my money. This LOA seriously restricts them. There's a great con letter out that spells them all out.

It isn't though (at least for those under age 59.5). Under the LOA, I would have to contribute more of my own money to fill the PRAP, and in doing so, I'm forced to spill money into the CBP. That's actually a worse outcome for me than the status quo, which would just be receiving taxable cash or spilling into the RHA instead. I threw together a quick spreadsheet last night, and found that even though I'd take an initial ~30% haircut on taxable cash today, that same money invested into 80-100% equities over the course of my career should yield almost double the final balance of a scenario where my money is forced into the CBP with its 30% equity allocation instead.

Podcast was informative.

The way I see it: if you max out your contributions ($23,500) and if you plan/or expect to AGI less than $273,525. Which like as a narrow body FO in my 2nd year, I LIKE TOTALLY DO.
There is LIKE no benefit whatsoever to me to vote YES.

Where are the con letters, where they sent out to your email, or are the on the MEC page. Where can one find them?
Also.....does Not voting count as a yes vote?

There is a crowd out there that fits the above descriptions with respect to AGI, and don't really know too much about this type of stuff (very understandably I may add) and will simply just not vote.

Pro/Con letters came in an MEC email today for me.

I laughed a little at the PRO letter. You could tell who it was geared to. The two examples they used where $300,000 income and $600,000. I'm sure there are some hustling and making that but can it be that many? I just fly my line and go home. I was just over $500,000k (after profit sharing) as a 30 yr 777 CA.

Can someone confirm that Delta's CBP does not have this but UA's CBP will?

from the UA ALPA LOA 24-05 companion guide:
PRAP Company Contribution Limit Reduced
Company contributions (including the 17% and Vacation Forfeiture) contributed to the Pilot Retirement Account Plan (PRAP) will be capped at the PRAP Direct Contribution Limit, which is determined as IRC 415(c) minus IRC 402(g). For 2025, this limit is $46,500 ($70,000 - $23,500). This provision is to comply with the IRS Contingent Benefit Rule.

What is the IRS Contingent Benefit Rule?
The intent of the Contingent Benefit Rule is that a pilot making voluntary pre-tax or Roth contributions could modify the amount of contributions another retirement plan receives. To mitigate this, the PRAP company contribution limit is being reduced to prevent the Contingent Benefit Rule from applying on the interaction of the PRAP and CBP. The Direct Contribution Limit (for 2025: $46,500 of employer contributions) is implemented in the PRAP going forward. Post-Tax contributions are not part of the Contingent Benefit Rule.

Says the senior WB Capt that wants to fill up. Sorry Dave, we’ve had enough of “yeah it’s not Delta’s, but next contract will fix it!”

That is correct (if we vote for this LOA). Why is that the case? Haven't heard a good answer...

Thanks, I just saw the Con email which raises that question.