Originally Posted by
Timbo
Same for me. I had the same response from a couple of my reps too, and the same response to restoring our DB plan! "There are a lot of other guys who don't want the DB plan restored...."
OK, make it optional, choose which plan you want to stay with, today's DC, or the old 60% FAE DB plan.
I choose DB.
Delta can have all the DC money Delta has paid me, and I'll give back the Note, Claim, MPP, and any PBGC money too.
I understand why you want your DB. My concern would be the ongoing viability of the DB - yes, we are profitable and have a competent management team
right now.
What happens when Norwegian or Emirates starts flying JFK-LAX through some scheme, and we start losing billions? What happens when some corporate raider or unethical management comes in and drains the company, sells assets and underfunds the pension? etc, etc.
Imagine the company comes to us and says, "we can't pay these pay rates and have a pension. 50% pay cuts to save the pension or we terminate it."
I really prefer to have a DC, that is in my name, that can't be screwed with by the company.