Originally Posted by
sailingfun
You're correct there was a age component. I was also hired young and took a big hit however I believe the earnings number used was 8 percent per year to make the age adjustment. I have done much better then 8 percent. I have had several so called experts run my numbers. At age 60 I should have about 80 cents on the dollar compared to the original retirement plan and it's all in my name. Some pilots who invested better then me are claiming they will be better off. I just gave the money to financial engines.
Also, our DB plan had already been "frozen". My final numbers on that was a lump sum of a little north of $580k, and a monthly annuity of around $5200. My PBGC at 65 will be more. My MPPP and other investments are now more than that $580k lump sum. So yes, I am actually now better off.