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beeker 05-03-2014 05:12 PM
This new PRAP
 
ok so CAL to UAL retirement plan. B-plan to B-plan/C-plan? 16% Employer contribution will be split into 9% employer contribution and a 7% employer contribution? What is the difference? I feel like I am missing something? How is going to be different?

Monkeyfly 05-03-2014 05:26 PM
Originally Posted by beeker (Post 1635811)
ok so CAL to UAL retirement plan. B-plan to B-plan/C-plan? 16% Employer contribution will be split into 9% employer contribution and a 7% employer contribution? What is the difference? I feel like I am missing something? How is going to be different?
The point of having "C" plan is that portion is a replacement for the stolen pension.

The company received a perpetual windfall when pension obligations went out the window.

It may only be symbolic, but we all need to remember, and let new hires know, why it is there. So when the company comes asking for a reduction in percentage some day, we can remind them of why exactly that will not go down as long as I work here. :mad:


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