Originally Posted by kronan

SO-

Having read\listened to the most recent NC message.

Accumulation of benefits while on LTD isn't an issue being ignored.

Contrary to the fearmongering of other posters, the proposed change is not an elimination of our DB in exchange for an additional DC plan. Variable plans are still a Defined Benefit plan and Management continues to assume the Longevity risk (ie--Pension pays out even if you live to 115)...unlike a DC plan (our B plan) where all you have is the pot of $$ you've accumulated, and if you spend too much or live too long...it runs out.

Yes, there is an assumption of Investment risk if we move forward. As there is in my DC plan, but I will happily tell each and everyone that my B plan is not solely in the Money Market Account or TIPs for "safety"

One of the occasional stated goals here is our A plan needs to have a COLA, and no COLA no change in CAP = a no vote for at least one individual posting here. IMO-there's a reason pretty much the only pensions with COLAs are Govt Pensions. And a COLA, added on to our Traditional A plan would've made it much more likely to be frozen or handed over to the PBGCC...just as many people feel the Lump sum provisions in Delta's plan resulted in their plan being handed over due to a large percentage of early retirees.

Well, changing to a different DB plan can lead to our Pension plan having a COLA.

Or, we can stick our fingers in our ears, refuse to listen...and threaten to sue our MEC for pursuing an improvement in our A plan---just as they said they would during the TA ratification process.

And NO-MEC can recommend. Can even think we, and the newhires would be better off, but they can't FORCE it on Us. That takes a Majority of the crewforce thinking about it, reading the various pros\cons both here and on JF...and voting for it, or not.

So, do you believe in Democracy or not? Majority rule or not? Or is Democracy only a good thing when a vote goes your way?