Originally Posted by
golfandfly
If people want to switch to a high B plan, I’m ok with that. They can play the market to their hearts content. We should have choices.
One size fits all doesn’t necessarily benefit all of us. Given the choice, I’d keep my current plan rather than switch to the VB plan. The union fell in love with this plan and just can’t accept failure at this point.
There are lots of assumptions. What if the market takes a long term major dip? What if the $275 K limit doesn’t go up, or is lowered? What if pay stagnates and we don’t continue to see 3% raises?
We’ve got a great retirement plan now. We just need to improve it. Flat dollar, profit sharing, increased multiplier (or higher FAE), increased B fund (cash over cap), etc.
I’d push hard for profit sharing. Want the pilots onboard with the new fuel policy? Give them a reason to want to lower costs. If the company does well, so do all of us. It helps all of the pilot force, from young to old.
Yep...what I have been saying from Day 1 about this whole nonsense.
I am all for improving the current A Plan but I have serious doubts that the company will do that without something significant in return. We can either be willing to give up that "something significant" or we can look for other ways to improve our overall retirement. Many of the items you mentioned are ways that could be explored.
It does not, however, have to be an "all or nothing". Why kill one of the last A Plans out there just because it has limitations? Account for those limitations and do other things to compensate for them.
Over time, the A Plan will die on the vine...but it will be a slow death...allowing people time to adjust their plans without pulling the rug out from under them.