Does anyone even know how many pilots we have on retirement? I asked all three of my union reps that are pushing this plan and none of them knew. Are you kidding me? How can we expect to talk to the company without knowing this? According to Blitzstein's video we are close to 1-1 in workers and retirees! So we have over 4000 pilots on retirement? I may not know the number, but I know it ain't close to that, he's lying to us out the gate. This is a bill of goods and it's bad.
We currently have the best of both worlds; a steady income base in the A fund and a flexible plan in the B fund which allows us to accept as much risk/reward as we want depending on which funds we choose to invest in.
Just say NO!