It’s not really pulling up a ladder. Financially savvy pilots should be contributing to their 401K, and they would be able to benefit from this plan. That being said I don’t think it will pass because most people want to spend their whole paycheck.

Interesting philosophical decision whether to write a plan that benefits the people to want to save a lot for retirement, or the people who want to buy a new truck. I would have preferred Delta’s plan, but apparently the lawyers were too scared.

Age 67… that is pulling the ladder up.

Did you read the Q&As? They're admitting that a letter will be done. They're just trying to rush this in place for those who want it now.

“ Q: Can ALPA request a Private Letter Ruling (PLR) from the IRS on the application of the Contingent Benefit Rule?

A: ALPA cannot request a PLR because we are not the plan sponsor. If ALPA wants United to pursue a PLR, we would need agreement between United and ALPA on the request. United has committed to filing for a Private Letter Ruling (PLR) on whether the PRAP Employer Contribution amounts need to be reduced with the CBP whether the LOA passes or fails, subject to MEC approval.”

For the record I want to maximize my post retirement tax free money. For myself and many others that means funding the RHA further. Not exactly a new truck, but maybe a new hip or new knee in 20 years without having to take a 35% tax hit by pulling out of a tax deferred account.

Tax deferred isn't an end all be all. Uncle Sam will get his pound of flesh. Someone hired in their 30's just putting away IRS max into VOO or some other S&P index and never touching would have $12m+ in a taxable account. Tax bill on withdrawals would be more than they're paying now unless they make some serious Roth conversions over the years. That's another use for the money they're not forced to stash in a CBP.

Eh, I could stop saving extra now and still retire with millions. I’ve reached 415c limits for the last 10 years.

So, instead of buying a new truck maybe I’d could save $2000 a month in my kids 529. Maybe we could help grandma buy a place near us since she’s getting older, maybe we want to fatten up the taxable account.

Just because you’re not putting money in a 401k doesn’t mean you’re wasting your paycheck.

Things happen in life. Not all are able to max out their PRAP. And most of our seniority list has been here for less than a decade. They haven't had as uch time to build up their PRAP and RHA. And many don't have Tricare like you probably do. It's BS for you to put this on pilots that aren't as "savvy" as you are. It's also BS to assume that most pilots "want to spend their whole paycheck." You're fortunate. Be happy for that. And realize that all aren't as fortunate as you.

Thats fair, I painted with too broad a brush. I probably have too great an aversion to paying taxes. Like I said I wish we got what Delta did.

I hear you. I hate taxes too. One of my big concerns is pumping stuff into things like the RHA and converting to Roth what I can afford now because too much tax deferred can cost you more in liftetime taxes. Women in my wife's side of the family tend to live long. Just being honest with myself and my family history she's going to be stuck paying taxes as a single filer vs married at some point down the line which is an instant tax increase for the rest of her life.

If we both die in a car crash tomorrow our kids will be millionaires and you guys get to split a rounding error amount of RHA money. I'm not one of those who are stressed over my heirs not getting it. I'm more concerned with the Uncle Sam not getting it.

Because he got banned, as got banned as Jsled before that, etc, etc

If you ever want delta then stop accepting less. We already capped our sick time.

Our sick time is way better than Delta’s. They lose theirs every year. I wish the 95 hour sick pay rule didn’t go into effect though.

It's irrelevant that that they lose theirs every year when we have no sick time payout at retirement. They get 250+ per year and no cap, so unless you plan on calling out for 4 months straight ours is worse. After we vote this in let's see what United wants to cap next