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Old 06-07-2019, 09:00 AM
  #17  
Packrat
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Joined APC: Nov 2013
Position: 7th green
Posts: 4,378
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Originally Posted by rickair7777 View Post
...why not also try to get a DB for the folks who don't have it? All hypothetical, frankly in today's world I would not want my retirement in the hands of the company, the stock market is risky but at least you have a measure of control there.
The reason for not trying to reinstate a DB plan is the fact that AS will absolutely NOT go for it. Until they "solved" the problem over a decade ago, the DB plan was costing them $100M a year to keep it solvent. Why? Because they had shifted from buying retirees annuities to self-financing the plan.

Since Shy says the VXers never had a DB plan, I don't see the problem. Believe me, getting 15.5% in a DC plan sounds GREAT considering all I ever got was 3% coupled with the DB plan with a half lump sum payout.

I agree with you...I prefer having my advisors manage my 401k money than to have a pension that never changes regardless of the economic landscape.
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