Thread: FDX Carryover?
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Old 05-16-2010 | 10:35 AM
  #94  
Daniel Larusso
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The amazing thing to me is I've flown with a few mid 50s crew members who have less saved than I do (IRA, 401k+B fund)
That is amazing, but to me what's even more amazing is that talking to some of the younger crowd you find the exact same thing. Even though that is generally where most of the squawking about pensions comes from and also with people at airlines that never had a DB. This is about everybody, not pilots, but it's interesting.

The American Family’s Financial Turmoil |

Btw, I think you'll likely be right about what the PBGC calls a 'standard termination' (freeze), but when that could happen is anyone's guess. I don't think it's coming anytime soon and I think the benefits we'll probably get out of it will be greater than changing now. We all see the same gloom and doom, but on the other side of the ledger we forget that our plan funding just survived the worst recession since the Great Depression intact. That's nothing to scoff at, although I forget about that a lot.
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