Okay, if the Teamster DB plans are such a great idea, why hasn't the industry gone in that direction?
Why hasn't ALPA convinced the Legacy masses that it's a better idea than a 401k contribution?
The core issue is trust. (At least with the 401k, I can hold the idiot in charge accountable.)
Nobody would trust management with their retirement anymore, and I doubt you'll find a huge groundswell willing to turn it over to the Teamsters, either. But I'm willing to listen to a cogent argument, although perhaps you might have more impact on the 1224 forum so we know who's talking.
Originally Posted by
742Dash
My point is that pilots are very, very poor at financial planning.
But I should listen to you?
