Originally Posted by
Noworkallplay
.... I have seen you and a couple others post these long thesis’s about market returns yet we don't even know the hurdle rate and floor. That all has a big effect on accrued benefits. We have people talking about asset class mix and we have professionals who have looked at that. I have a financial advisor for a reason. Major corporations have financial advisors for a reason. Wealthy people have financial advisors for a reason.
It doesn't matter wether we know the hurdle rate or not - the information we are posting is FACTUAL historical data....or actual forecasts from company's that already have relationships with Fedex & our union (i.e. Vanguard & Schwab)
I'm highly confident that many of the pilots at Fedex are wealthy. And that many have financial advisors. I've personally spoken with two (to include one at Goldman Sachs), and both have advised me the Variable Benefit Plan is NOT superior to our current Defined Benefit Plan.
In Unity,
DLax