Originally Posted by
rickair7777
Why the hell would you even WANT a DB plan? Any CEO can shed that at his leisure with a quick trip through the BK drive-thru. Unless you think the PBGC is going to pay out more than a 401K...
Exactly. That's why you take the half lump sum option. Even if Alaska defaults to the PBGC, you're half A plan pension is less than PBGC maximum.
I don't care who sends the check every month as long as its the same every month.
Now the guys who got raped were the DAL/UAL heavy guys who had an A plan that paid $8/$9K a month and got rolled into the PBGC at $4K a month.
If I'm a young guy given a choice, I'd forgo the A plan and opt for a 13-15% 401k match every time.