Originally Posted by
mcdbirdman
Keep it coming guys. Let’s show those rich 35 year WB captains who’s the boss. Don’t listen to any argument or discussion about a dying A fund. Just get those guys. Our 130K will be just fine 20 years from now.
Our $130k will still be $130K 20 years from now if we do nothing. With the VB plan, you may get more than $130K, but you may also get less.
I ran the numbers based on market performance for a pilot that got hired at age 50 in 2001 and retired in 2016. Under our current plan, he would make 30% of 260K or $78K per year for life. If he assumed the risk based on market performance during that time, that benefit would have dropped to $44K for life based on buying a lifetime annuity with the cash balance. So yeah, let's help the 35 year WB captain who stayed until age 65 so that the guy who can only work for 15 years takes a $34K a year bath.
