Originally Posted by Reroute

Hey Einstein, so you want to discuss "equalizing elements?" If you are going to bring up the possible future bankruptcy of the PBGC and social security, which has never happened, you have to acknowledge airline insolvency, which has happened multiple times recently, as part of the equation. Since they are both doomed to fail in your world, the only thing that matters is money in your pocket today. By that standard, you have to acknowledge the great good that came from a $650m note and the cash that put into the pilots retirement plans in their own name, as well as the the hundreds of millions that have come from the DC plan and 401k.

You ought to be cheering the termination of a promise of a pension in exchange for establishment of a DC plan and a $650m note. Since it is far more secure than relying on the solvency of an airlines pension plan.

I mean to be consistent, you wouldn't want to have an airline DB plan, you'd rather have cash today and a DC plan. Right?