Originally Posted by
Bill80
Your earned benefits can't be reduced. Pretty sure ALPA could be sued if they only improved one group's retirement against another as well.
If a 30 year old new hire is resentful about not having a pension that is eaten away by inflation and hasn't been increased in 24 years instead of some other lucrative alternative in their name that counts all their years of service, then that person is an idiot.
If hired at 50, then different story maybe.
People always say the pension is eaten away by inflation... true. BUT, market returns are also affected by inflation and there is no doubt that tax legislation will affect everyones reality when you turn your massive cash over cap fund into retirement income. Also RMD's and the associated tax consequences.
seriously, who besides congress, California teachers, cops and fireman have a 169k pension??... even 15 yrs from now? It is a gd start.