Originally Posted by
sailingfun
I thought you have posted that with the various cash pots of money the pension plan was converted to, plus the DC plan your pension is now better then the converted plan. Call me confused. Did you lose your pension plan or get a better one?
Originally Posted by
sailingfun
Actually I rarely agree with him but in this case I think the numbers are reasonable for at least the first few years. The inflation aspect is a bit hard to quantify because there are different numbers out there. One interesting thing is the average pay for workers in the US over the last 7 years has declined in real dollars. Very few work groups have seen any raises.
Now I am the one confused. You say on one hand that his numbers make sense, but on the other you talk about the retirement account factor. Which is it?
Like I said to ragingwhite... Payrate wise his argument has some merit. Overall picture wise, I have yet to be convinced.