Originally Posted by
shiznit
C2015, its coming soon. What is the value of a 15% (future 16-17% maybe?) DC do to a "restoration" equation... I'd like to hear no holds barred thoughts. I find it a very interesting topic because of the extremely different situations and perspectives that come from the seniority/age/merger spectrum.
For a pilot hired in the 07-present, Johnso/me/ACL it's probably way better than the old DB/nonqual plans.
For the 98-2002 hires, like Check and Gloopy is it marginally better depending on age, or still worse?
For 91-97 like DAL88 etc. (and gzsg?) it probably isn't even close enough or "just barely almost" when claim/note/equity/frozen/PBGC are factored in and you are a near perfect investor??
For 88-91 guys (Denny, Carl) is there not enough time to fix it no matter what the 401k percentage?
How do we quantify that, and since it will vary wildly depending on demographic what is the value towards a stance of "restoration"?
Shiz,
IMO, the value of a higher DC percentage loses it's effectiveness when one reaches the 415c contribution limits. So for more senior guys who already fill up to the limit now, it's essentially a taxable raise.
Don't get me wrong, I would love to see a higher percentage!
As far as making us deadzoners whole, my only comment would be, if I had my frozen pension, I'd retire at 60. Being a PBGC PC-4 guy, I'm probably going to push 65. We'll see....
Denny