Originally Posted by
threeighteen
The retirement solution is simple. 230k pension for everyone and 12% DC with cash over cap. Anything that doesn’t have cash over cap is a non starter.
Another post that shows people don't understand compounding returns. So, someone with 3 years on the property should get to have 22 years of a 12% DC plan with CoC while a pilot with 24 years on the property should get the same $230,000 pension and 1 year of the increased DC plan? Yeah, that's fair and just shows that this is a money grab from the junior pilots from the senior pilots. How much do you think increasing the pension from $130,000 per year to $230,000 per year would cost? I know, it's the me and now generation.