Originally Posted by
Rsv4lyfe
I left one of the big 3. I'm 28. I fully intend to retire WITHOUT a pension. That's ok. With the time I have to put in, I think I'd be alright with a 16-20% DC too. And I can control it.
I came here for commuting ease and stability (FDX is a powerhouse of a company.) We'll see.
The company already offered us a DC of 16.5% in return for the A plan. The numbers didn't work, the A plan is worth more, not to mention the added B plan.
In your case, being able to work 37 years, you might make out better in that scenario. But what happens if you have to go on long term disability around age 50? With our current plan, if you have a high 5, you will be able to retire at 60 with $130k a year plus whatever you accumulated in your B plan before you went on disability. With a straight DC plan, if you go on disability, all contributions to your retirement plan stop because benefit payments don't count towards income for a DC plan.
Delta's current DC and profit sharing are better than what you are willing to take.