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Old 04-11-2010 | 04:03 PM
  #33881  
Denny Crane's Avatar
Denny Crane
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Joined: Sep 2008
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From: Kickin’ Back
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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