Originally Posted by
golfandfly
It’s not that we are against anything new, most of us don’t want to be the first to adopt this new pension scheme. As I mentioned before, it’s incredibly complex. If you’ve been around here awhile, you know we get our asses handed to us on a regular basis by the company in regards to contract language. It’s just not that difficult to think we’d totally mess this up.
I listened to the latest podcast. See how long they spoke about other pension ideas and then see how long they raved about the pancake plan. They had a hard time finding a weakness in that plan, it was just misunderstood. They have been selling this concept for years and most of us still don’t want it (neither does the company).
Let’s just get real polling out and pick a direction. No vague questions. It’s a subject that we all care about and want to improve. If the majority want this plan, then let’s go that direction. If not, let’s move on.
yup, let’s not be the first to try something new. Mortgage backed securities were awesome until they nearly wrecked the entire world market. A defined benefit pension is tried and true.
financial firms are always looking to invent new ways to “manage” plans to generate fees. Let’s have derivatives! Let’s trade future option contracts and create a stabilization fund!
The reason good questions are not answered is because there is no good answer. It’s a scheme that, to my knowledge, no large labor group has ever adopted. Should we bet our retirement on being the trial group. Not in my opinion.
For me, this issue is where I take my stand. I can stomach changes in other areas but messing with my pension is going to result in a no vote from me, regardless of any carrots dangling anywhere else.