LOA 24-05: Market-Based Cash Balance Plan

The MEC voted to accept Letter of Agreement (LOA) 24-05 Market Based Cash Balance Plan Implementation on November 21, 2024. That LOA will now go to pilots for membership ratification. Voting will start Monday, November 25 and close on December 10.

 

Within UPA23, the Market Based Cash Balance Plan was negotiated as a tax advantaged vehicle to protect Pilot income beyond what can be contributed to current retirement accounts.

In this episode, Retirement & Insurance Committee Chair Capt. Fred Greene and MEC Treasurer Capt. Drew Minarcik discuss and explain the major features of the MBCBP.