Originally Posted by
forgot to bid
I agree with Clamp in that is what J29 was saying was the pension plans of old are dead and also what Clamp is saying in that if its not in my name no thanks, but just to clarify what pension plan is not dead?
The Delta non-contract and NWA plans are frozen DB's. To steal a movie line, they're not dead yet. Defined Contribution plans are pension plans as well. There are also "hybrid" plans like the old Delta Money Purchase Pension Plan. It was a defined contribution plan that annuitized to offset a defined benefit.
I agree with you. There is no way in this economy and working in this industry that I'd ever want a "straight" DB.