Retirement - Section 5 | Contract 2020 TA Education

On this Contract 2020 TA Education episode, we'll hear from Negotiating Committee Member, Damian Jennette about Section 5, Retirement.00:17    Retirement Headlines00:39    MBCBP Overview01:57    MBCBP Funding 03:28    Private Letter Ruling – Additional Funding04:26    Excess Contribution Limits05:22    Four Sources of Spill Cash and Filling Qualified Buckets07:59    Non-Qual Plans Today and Moving Forward08:58    IRS and PLR Timeline11:22    PLR Protections14:11    Contingency Planning 14:59    Account Structure and Access16:25    “Market Based” Defined16:56    Preservation of Capital Rule18:27    Hypothetical Gains19:23    59 ½ Rule and In-Service Distribution20:34    NEC Philosophy22:13    Profit Sharing Plan Changes24:37    Profit Sharing Deferral Percetages and Why26:03    401K Plan Changes26:44    Non Qual PlansFor more information, visit the Contract 2020 TA Education Resource Center on swapa.org.If you have any feedback for us at all, please drop us a line at [email protected] or tap here to send us a text.Follow us online:Twitter - https://twitter.com/swapapilotsFacebook - https://www.facebook.com/swapa737