FoxHunter
Well-known member
- Joined
- Jan 4, 2002
- Posts
- 679
CaptainMark said:hey...noone answered my question...i know there are not a lot of airlines out there with b-funds..but in my understanding they were set up for the age 60 retirement...if the rule changes any brainiacs know what might happen to it..it is the best thing out there..i wish our union would opt to get rid of the a-plan and increase the b-fund because holding on to the a-plan will be a constant fight contract after contract...
I would hope you are not serious. Last year I hit the max allowed by the IRS for the defined contributions, which was $42,000 not including the catch up provisions. Yes, some of that money was mine both pretax and aftertax but most wide body Captains at FedEx are close to the limit unless they just don't contribute. The A plan is a huge benefit that can pay as much as $130,000 a year. The downside is that the company has to stay healthy for it all to work. UAL and USAir have proved it is not worth the paper is is printed on when you go Ch11.