Originally Posted by
pinseeker
Except we get all of the bad. We don't control the investments. Like Tony said, it isn't in our name. It is based off all years, not just high 5.
If the company goes under and you have a mutual fund in your name, like the "B" plan, you keep all of the money.
With the VB plan, just like the DB plan, if the company goes under, or is distressed enough to get a judge to allow them to terminate the plan, we get the PBGC payout. That payout is currently much less than our current A plan, regardless of when you take the benefits.
Having no control of the Investments is a Feature, not a bug. Last thing in the world I'd want would be having my Union in control of the investments. Much rather have the Pro's FedEx has hired.
Goodness knows the FedEx returns on balanced Investments have been much better than the majority of Mutual Fund holders who've chased performance and ran from the market. Buy high, Sell Low is the typical Pilot Investment mindset is it not?