Originally Posted by
Timbo
And don't forget, the DC plan creates a dependency on Wall Street, which is why most Unions went to a DB plan in the first place.
Remember the Great Depression?
Remember 2008?
Think it can't happen again?
Think you can't lose your life's savings if it's tied up in stocks?
The airline bankruptcies of 2004 were orchestrated to allow for consolidation, unopposed by the government, funded by wall street, with our pensions flushed with the help of ALPA.
What was it Deep Throat said?
Follow the Money.
Where are our former ALPA leaders today?
Moak? Babbit? Woerth?
They all have pensions, we do not.
I get that too. I just worry about it being used against us. But for those who just rerouted or within a decade, I feel like there ought to be something but I'm far from the type A that can create a solution on retirement plans.