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Old 11-05-2025 | 05:28 AM
  #44  
JustInFacts
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Joined: Aug 2023
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Originally Posted by KC10 FATboy
The problem is you and those FOs haven't done the math to determine what the company's contribution, ABOVE OUR ALREADY EARNED 9% CONTRIBUTION, needs to be to create a $130,000 return after 25 years. It's basic actuarial math. Anything near 18% is WAY TOO LOW !!! So yes, if we did that, I'm going to shout from the roof tops the company is cheating us!
Oh, I've done the math and I agree that at just 9%, it doesn't work. That still doesn't change that many still want to go to what Delta has. When you add in cash over cap, the math gets a little closer because that cash over cap applies to the full 18%. As pay rates go up, you get even closer. Now, try to tell a guy hired at 28 that at 53, he will max out his pension. What those guys have told me is they would rather have the company contribute for the full time they are here. With an extra 12 years, they would most likely beat the pension. Again, as I said before, I like the pension. I would like to keep it for everyone. However, if the polling data shows that the majority are for sunsetting it, so be it. I will adjust.
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