Age 70? BOHICA...
03-03-2023, 05:10 PM
#31
Gets Weekends Off
Joined APC: Apr 2011
Position: retired 767(dl)
Posts: 5,761
03-03-2023, 07:48 PM
#32
Gets Weekends Off
Joined APC: Dec 2017
Position: Retired NJA & AA
Posts: 2,013
03-04-2023, 12:29 PM
#33
Prime Minister/Moderator
Joined APC: Jan 2006
Position: Engines Turn Or People Swim
Posts: 40,390
DB can generally only be passed to your spouse, not kids, etc and you typically have to opt in and accept a reduced benefit in exchange for the survivor benefit. Also there are limitationss, in some cases you must be married to that person before you actually retire. I have a buddy who's hanging on longer than he wanted to because he and the girlfriend are not sure about their future (basically not sure if they want to live in the same locations), so he's delaying retirement until they figure that out.
You probably can't import a 25 y/o east European wife and sign your pension over to her after you retire.
03-04-2023, 08:06 PM
#34
Line holder
Joined APC: Nov 2013
Position: On the bus,seat 0A
Posts: 3,349
DB can generally only be passed to your spouse, not kids, etc and you typically have to opt in and accept a reduced benefit in exchange for the survivor benefit. Also there are limitationss, in some cases you must be married to that person before you actually retire. I have a buddy who's hanging on longer than he wanted to because he and the girlfriend are not sure about their future (basically not sure if they want to live in the same locations), so he's delaying retirement until they figure that out.
You probably can't import a 25 y/o east European wife and sign your pension over to her after you retire.
You probably can't import a 25 y/o east European wife and sign your pension over to her after you retire.
03-09-2023, 04:34 AM
#35
Gets Weekends Off
Joined APC: Feb 2008
Posts: 19,700
Did you follow the American chapter 11 filing? They were unable to terminate their pension plans since they were adequately funded. In order to terminate a pension plan the company must file chapter 11. All kinds of bad things can happen in Chapter 11 as management cedes control to the creditors committee. Doug Parker came within 1 vote of snatching Delta. After filing the company has to show that “but for the pension plan” they can’t reorganize. Lastly the plan as mentioned must be severely underfunded.
03-09-2023, 02:07 PM
#36
Gets Weekends Off
Joined APC: Dec 2010
Posts: 3,123
Did you follow the American chapter 11 filing? They were unable to terminate their pension plans since they were adequately funded. In order to terminate a pension plan the company must file chapter 11. All kinds of bad things can happen in Chapter 11 as management cedes control to the creditors committee. Doug Parker came within 1 vote of snatching Delta. After filing the company has to show that “but for the pension plan” they can’t reorganize. Lastly the plan as mentioned must be severely underfunded.
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