Originally Posted by
kronan
Yes,
I do believe the Federally mandated pension funding letters that much. The ones that indicate our Pension is fully funded.
This is a hypothetical discussion. And nothing can/will change without a pilot vote. If the hypothetical is a hybrid with benchmarks inline with the scenarios discussed in the link, hard to come up with a rationale reason for not switching.
Real easy to come up with an emotional one.
Better question than ALPA involvement would be is whether it's still guaranteed by PBGCC.
Guess What, if FedEx went TU and was given permission to hand over our Pension funds to the PBGCC our 130k A plan goes to a 60-40k A plan depending upon whether you retire at 65 or "early" at 60
What benchmarks? The link mentioned a floor based on agreed contributions. Do you think the company will agree to keep contributions in line with the current funding requirements? The link also mentioned the floor being based on a lower, more realistic rate of return. Finally, your benefit is effected by whether or not the fund had a winning year or losing year the year you retire. How would you feel if pilots retiring the year before you and the year after you got $20k more a year in retirement than you because the fund had a bad year the year you retired. That's the cost of shared risk, some of us will win while others lose.
