Originally Posted by
Noworkallplay
Wow, same experience as poster above. Interesting. Asking a financial advisor who doesn't specialize in pensions questions about pensions? I think people who specialize in that area are called ERISA attorney’s and pension specialist. Well guess what my financial advisor says? He says “im not an expert in that area so I will defer on that subject”. I think thats why I trust and respect him. He knows that DC plans and DB plans are two completely different animals.
You know what I find funny is we have many who specialize in the DB field who have worked on this for us to include an ERISA attorney and numerous outside consultants. I think I will listen to what they have to say on this subject.
Lets say someone comes oboard an MD-11 and states “im a pilot”. Does that make him capable of flying that airplane? What he forgot to tell you was he is only a private pilot. So as you can see a “financial advisor” is not an all encompassing term.
Now as I have stated numerous times, im not stuck on only looking at the new A plan. Im open to many different “fixes”. Im open to retirement gains PERIOD.......
You’re just too naive or mentally challenged to understand that our consultants have made a ton of money off of us with their ideas (conflict of interest?). And when we proudly meet with the company and propose our plan, they had a great laugh! You might see where our consultants have a vested interest here. And you are going to believe them without question?
This plan isn’t popular with the majority of us. It just isn’t. Yet the union continues to push this concept on us. Do an unofficial study, just ask the guy flying next to you if they like the plan. I’ve found very few that do.
There are simpler plans. Let’s seriously explore them. Let’s poll the members with direct questions. Seriously, if the majority of pilots prefer the VB plan, then let’s go that direction.