Originally Posted by
GetRealDude
Neither FH nor PG understand the time value of money. That's a certainty. It's a diminishing commodity/benefit. Looking at alternative solutions is appropriate but the TA as is ... represents mediocrity.
A full buyout of the A plan for each pilot gives me today's dollars ... That coupled with a significantly enhanced B plan - I'm interested. You might not be.
If you want to go down with the A plan sinking ship of diminished value based on COLA, then that should be your choice.
It's not BS nor is it foolishness. They are options based on intelligence and reality. But feel free to beat your chest and yell at the top of your lungs - once you disappear under the waves ... no one will hear you.
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Isn't FH retired? Man I hope I've got better things to do in retirement than hang out here.
Again, pure B.S.. I have plenty to do in retirement which includes taking care of the 13 horses I have at home. I get to shovel lots of horse manure which has none of the stink of the BS you're shoveling here. The A plan only sinks in value if the cap is kept at the cap established in 1998.
I enjoy hanging around here when the truth is being distorted. I gain nor lose anything by the vote. It is just a simple choice between right and wrong. Just because you and Fred want to teach the pilots a lesson doesn't mean it has to be successful.
Retirement Heist - Pension Fraud Book - Ellen Schultz