Originally Posted by
shiznit
I disagree. (and I am pretty darn junior). High payrates on the biggest metal is a great idea when everybody will get to spend the last 3-5 years as a captain on said metal, AND IF YOU HAVE PENSIONS BASED ON FAE....
We have retirements based on % of earnings now. As such, I would MUCH rather see higher payrates SOONER(and end up flatter later) rather than make up for it with trying to top out high late so I can take advantage of compounding and have a better retirement.
It goes back to career earnings, not earnings at the end of the career.
In principle I agree with what you said above but how do you implement it with a bunch of guys who lost a huge amount via the terminated DB and do not have the "time" to take full advantage of compounding?
Denny