Originally Posted by
mike734
Our 2005 paycut was to the tune of 100m. They are rolling in cash. But your doubts are valid.
If the top 7 airlines really do have trouble staffing the flight decks then anythings possible. I'd like to see Delta and other industry leaders demand the return of pensions. They are a "quiet" way to boost compensation.
So... serious question here.
I'm a young guy, and based on what I've seen in the last 10-15 years... I'd rather have a 401k funded by the company than a pension that can get screwed up by a bankruptcy.
If they're giving me the money either up front (401k) or later (pension), why do you prefer the pension option? I'm not trying to be a moron, I'm just maybe ignorant of the potential advantages of a pension plan.