Originally Posted by
sailingfun
The DC plan contribution changes are because of the huge obligation the company assumed in taking over the NWA DB plan. The projected yearly funding requirements for the next few years far exceed the difference in the DC funding. I know if your a new hire you have little or nothing in the NWA DB plan but that was the rational. Overall the NWA pilot group is going to receive a lot more retirement funding then the Delta group the next few years. Rumor is the pilot plan alone will require 200 million this year.
I understand the idea but the fact is that those of us with no DB plan are getting the lagged DC contribution until 2012 as a result and we arent part of the DB payouts.
Also if we hire before 2012 than those newhires will be getting a higher DC contribution than we are, which is the problem.