End the Pension Now, replace it with…
Today, 05:04 AM
#51
The NeverEnding Story
Joined APC: Sep 2005
Posts: 7,618
[outsider alert, outsider alert]
Why talk about voluntarily ending the defined benefit?
Why not improve the defined benefit AND defined contribution, so that people at every end of the age/career spectrum can benefit? Yeah doing so may not be as big a DB bump as some older people want, or provide as large a DC bump as some younger people want, but having something for everybody in Retirement might earn YES votes without further fracturing the group into perceived winners and losers.
Obviously FDX pilots are going to vote in their interest, and I completely support FDX pilots getting a new TA that you've 1. earned and 2. deserves a YES vote.
[end outsider alert]
Why talk about voluntarily ending the defined benefit?
Why not improve the defined benefit AND defined contribution, so that people at every end of the age/career spectrum can benefit? Yeah doing so may not be as big a DB bump as some older people want, or provide as large a DC bump as some younger people want, but having something for everybody in Retirement might earn YES votes without further fracturing the group into perceived winners and losers.
Obviously FDX pilots are going to vote in their interest, and I completely support FDX pilots getting a new TA that you've 1. earned and 2. deserves a YES vote.
[end outsider alert]
Today, 06:49 AM
#52
Gets Weekends Off
Joined APC: Aug 2023
Posts: 437
[outsider alert, outsider alert]
Why talk about voluntarily ending the defined benefit?
Why not improve the defined benefit AND defined contribution, so that people at every end of the age/career spectrum can benefit? Yeah doing so may not be as big a DB bump as some older people want, or provide as large a DC bump as some younger people want, but having something for everybody in Retirement might earn YES votes without further fracturing the group into perceived winners and losers.
Obviously FDX pilots are going to vote in their interest, and I completely support FDX pilots getting a new TA that you've 1. earned and 2. deserves a YES vote.
[end outsider alert]
Why talk about voluntarily ending the defined benefit?
Why not improve the defined benefit AND defined contribution, so that people at every end of the age/career spectrum can benefit? Yeah doing so may not be as big a DB bump as some older people want, or provide as large a DC bump as some younger people want, but having something for everybody in Retirement might earn YES votes without further fracturing the group into perceived winners and losers.
Obviously FDX pilots are going to vote in their interest, and I completely support FDX pilots getting a new TA that you've 1. earned and 2. deserves a YES vote.
[end outsider alert]
Too many people have bought into this notion that the DB plan is too expensive. That simply isn't true. The only additional cost is the PBGC insurance premium, which is peanuts. The amount to fund the DB plan is simply the amount of money required to meet the obligations. The same amount of money would be rquired in a DC plan. What the company doesn't like is the uncertainty of rate of return and longevity. That is hard to predict. They want us to take on all of the risk.
Today, 04:15 PM
#53
Gets Weekends Off
Joined APC: Nov 2017
Posts: 2,140
[outsider alert, outsider alert]
Why talk about voluntarily ending the defined benefit?
Why not improve the defined benefit AND defined contribution, so that people at every end of the age/career spectrum can benefit? Yeah doing so may not be as big a DB bump as some older people want, or provide as large a DC bump as some younger people want, but having something for everybody in Retirement might earn YES votes without further fracturing the group into perceived winners and losers.
Obviously FDX pilots are going to vote in their interest, and I completely support FDX pilots getting a new TA that you've 1. earned and 2. deserves a YES vote.
[end outsider alert]
Why talk about voluntarily ending the defined benefit?
Why not improve the defined benefit AND defined contribution, so that people at every end of the age/career spectrum can benefit? Yeah doing so may not be as big a DB bump as some older people want, or provide as large a DC bump as some younger people want, but having something for everybody in Retirement might earn YES votes without further fracturing the group into perceived winners and losers.
Obviously FDX pilots are going to vote in their interest, and I completely support FDX pilots getting a new TA that you've 1. earned and 2. deserves a YES vote.
[end outsider alert]
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