Originally Posted by
80ktsClamp
PCL- a DC is NOT a pension. It is a 401k contribution without any need for the employee to contribute any on their own.
Sorry, but that's just plain wrong. There are two types of pension plans:
1. Defined benefit pension plans (what Delta used to have), and;
2. Defined contribution pension plans (what Delta has now)
Both are pensions. They just operate differently. A 401k is a completely separate kind of plan that falls under different regulations.