Originally Posted by
Bucking Bar
We will all benefit from a Market Based Cash Balance Plan to dump excess DC in.
As long as the "dump excess DC" is an optional thing, then sure, let's explore it.
Originally Posted by
ebl14
Equal outcome, hard pass. Equal DC contribution, win. There is no way to predict the future. You cannot guarantee a junior pilot hired in the last few years will have millions. You were lied to, don’t you think we can be lied to as well? I think we are all learning from the mistakes of the past (pensions). I’d take a % to the retirement fund over a promise in 30 years any day, we see how it worked out for you guys. But to ask for a min balance on the backs of the rest of us, no way. If there is a min balance it should be for every pilot on property effective immediately.
The interesting thing about the "equal outcome" crowd, is that their holy grail of the FAE pension wasn't an equal out come either.