Originally Posted by
tsquare
My wife and I decided early on that the DB, while a nice promise was a house of cards. I actually LISTENED to the WAL guys when they talked about getting retirement in your own name, and I worked and saved to that end.
I DON'T blame the recipients, but I am done bailing everybody out too. Enough is enough. No more. It is time for personal responsibility, starting with the next person hired. Freeze everything going forward, give them all a 3% payraise and a 401(k). If they then mess it up, not my problem. Sorry.
And the first stop on this train should be the congress of the United States of America.
Agree 100%! You're talking to a Californian who has a neighbor who retired from the CHP at 45 with full disability and makes more each year in pension then I do as a DAL FO flying regular lines. DTW was the largest US city to go BK, CA can't be too far behind.