Originally Posted by gzsg

I’m not going to try and explain it because I did not stay in a Holiday Inn last night and I’m not smart enough.

Originally Posted by LeineLodge

It’s not on the table, at least not seriously. Neither the company, nor the majority of the pilot group wants to go back to that setup.

That piece was added into the video and comm piece as a placating, feel good, pander for the chit chat/poor-me deadzoner crowd. Nothing more.

Anyone with a view of history back to 2006 acknowledges it’s a bad idea. There is no such thing as a “non-traditional, secure, fully funded DB”. Maybe they’re alluding to an annuity, but the numbers to fund that to an appreciable level would likely require a massive reallocation of retirement emphasis, such that the majority of the pilot group (and likely the company) wouldn’t be interested.

The pilot group, in general, would benefit more from increasing DC contributions to hit the IRS max’s without pilot contributions.

The only people seriously interested in this are relatively close to retirement, and unabashedly looking for a Hail Mary on the way out the door....at any possible cost. Just cruise through chit-chat land (or give it a couple more posts on this thread) and you’ll see malcontents threatening to sell scope in exchange for their “stolen retirement.”

I’ll look at whatever they put out, but count me as not interested in a DB either. Put it in our names and let us manage it as we see fit.

DB: Fool us once, shame on you. Fool us twice, shame on us

Originally Posted by gzsg

I’m not going to try and explain it because I did not stay in a Holiday Inn last night and I’m not smart enough.

Originally Posted by FL370esq

However, if you were smart enough to stay at a Holiday Inn Express, you would have been able to deliver a flawless R&I presentation. 😁

Originally Posted by Hank Kingsley

I'm 61, none of us dumb old guys want a DB. Stop the BS that we as a group want it. Been there, done that.

Originally Posted by 2StgTurbine

We are a huge labor force that has a lot of money to invest. That will attract tons of financial experts trying to sell us confusing products...

Originally Posted by Gunfighter

^^^^THIS^^^^

Keep it simple and start with maxing out the 415c limits with company funds. That would be a 22% DC for the 50+ crowd.

Originally Posted by LeineLodge

Question: when you say 50+ crowd, are you referencing the $6k in catchups? My understanding was the $6k in (over 50) catchups could only come from the individual.

20% hits the $55k 415c limit, based on the $275,000 limit. If a guy wants to then use his DC CASH to buy a personal annuity, then he has that option.

Originally Posted by LeineLodge

I believe you. Any rational thinker would come to the same conclusion.

However, there is a very vocal subsection of your demographic that is banging the DB drum loudly. Despite a solid historical and mathematic case against the idea.

Gzsg is our new MEC strategic planner. Maybe he’ll share his opinion on the topic?

Originally Posted by gzsg

Our executives have killer pensions. Time for a little common sense.