Originally Posted by
742Dash
Pensions held by a union are not involved in a company bankruptcy. IMO this was ALPA's biggest misstep during deregulation. A lot of people would be a lot better off today if the pensions had been moved to ALPA, and the industry had a union pension plan, rather than leaving them in the hands of the airline CEOs.
I would rather manage my own retirement than leave it in the hands of the Teamsters or Atlas. The industry standard is 16% of your wages being put into a 401k by your company and what do we do? Go the other direction.
How is that Samsung PCD working out for you? Everyone else dumps their paper charts for iPads and we do it differently....blazin' the way.
Underfunded, mismanaged pensions aren't worth the paper they are written on. Can you say PBGC?
Give me one good reason where pensions beat a 401k, just one? They are inferior in every way.
So tied to the Teamsters is a good thing? What if our relationship goes South like it did with ALPA? Let's switch unions...oh, wait my retirement is with the Teamsters...never mind.