Originally Posted by
Timbo
I know I didn't factor in any 'investment gains' in my above examples, but you get the point. The DC plan saves the company BILLIONS over them having to fund our DB plans.
Oh, and one other thing about that DC Plan, if the market tanks, and/or when the money runs out, you're done.
The DB plan promised to pay paid you FOR LIFE, and then for your spouses life.
How'd that DB work out for you?
I know that when my DB terminated, the money ran out and it was done. I've still got my MPPP and Note money, plus almost all the DC money except the worthless ESOP stock. I've also got another promise to pay from the PBGC.
No more DB for me. No thanks.