Old 12-20-2017, 07:51 AM
  #14  
pinseeker
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Joined APC: Aug 2006
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Originally Posted by Albief15 View Post



Here's what I haven't heard anyone discuss. If the world economy fell into an abyss, and thus the variable benefit plan was pressured--what do you think would happen to our current A plan if we did nothing? Would 3-5 down years simply be ignored by the bean counters, or would they then seek to reduce or terminate the plan due to financial duress? Everyone points to the fact the new plan has some risk. The reality is our current plan does as well. With our stock almost tripling since 2008, its all rainbows and unicorns right now. But if the Great Recession hadn't ebbed, and it FedEx had furloughed, what do you think would have happened if the company had told a judge "we can save some jobs if we can just freeze/reduce/eliminate this pesky A plan burden?..."

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And what would prevent them from doing the same thing with the VB plan? They say that the VB plan falls under the same protections of the PBGC as the DB plan. So what makes this plan better in your doomsday scenario than our current plan?
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