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Old 05-09-2013 | 05:53 AM
  #129854  
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Timbo
Runs with scissors
 
Joined: Dec 2009
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From: Going to hell in a bucket, but enjoying the ride .
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Originally Posted by tsquare
tempus fugit..... pretty soon we will all be facing retirement with nothing changed from 1955....
One thing did change, we don't HAVE a retirement anymore!

What we have now is a grossly underfunded (if you are in your 50's now) 401K "Savings Plan". It's not going to be nearly enough to retire on.

But hey look at the bright side, Delta is going to be buying back stock and paying shareholders a dividend with our ongoing One Billion per year pay cut and $5 Billion flushed DB retirement money, so we got that going for us!