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To answer Denny’s original question, I can say without a doubt I still have no desire to add a DC plan. Really, this is what makes a market a market. People listen to too much noise on CNBC and panic sell which seems to have apexed on Monday. Not to mention 150 hedge funds are closing up shop and liqudiating by the end of the year.
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I've already lost one corporate pension (General Motors) in bankruptcy.
My Reserve pension is far from a sure thing (can't collect for 19 more years). Why would I want to go down this path again? Sent from my 2PYB2 using Tapatalk |
Originally Posted by Denny Crane
(Post 2731328)
For those of you that say "I don't want a DB because it can be taken like the last one.", maybe you should look at the way new DB's are structured.......
Denny Get something like UPS where the pilot pension is tied to management's pension (so I'm told), then I'm all ears. I'd be all for another retirement vehicle while keeping our current DC.
Originally Posted by JamesBond
(Post 2731624)
Sell scope. Show me the ****ing money.
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Originally Posted by crewdawg
(Post 2731787)
Got a good link to show how they're structured now vs before?
Get something like UPS where the pilot pension is tied to management's pension (so I'm told), then I'm all ears. I'd be all for another retirement vehicle while keeping our current DC. Why stop now, you guys have done a wonderful job of selling scope at every corner so far. |
Originally Posted by sailingfun
(Post 2731831)
When most of the older pilots were hired we had no scope. Hard to sell something you don’t have!
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Originally Posted by crewdawg
(Post 2731787)
Got a good link to show how they're structured now vs before?
Get something like UPS where the pilot pension is tied to management's pension (so I'm told), then I'm all ears. I'd be all for another retirement vehicle while keeping our current DC. Why stop now, you guys have done a wonderful job of selling scope at every corner so far. http://www.alpa.org/dal/-/media/DAL/...nt-Options.mp4 Denny |
Originally Posted by CX500T
(Post 2731693)
I've already lost one corporate pension (General Motors) in bankruptcy.
My Reserve pension is far from a sure thing (can't collect for 19 more years). Why would I want to go down this path again? Sent from my 2PYB2 using Tapatalk Denny |
Originally Posted by crewdawg
(Post 2731787)
Why stop now, you guys have done a wonderful job of selling scope at every corner so far. |
Originally Posted by Denny Crane
(Post 2731853)
Watch the video in my last post. Starting at 2:20 is where they talk about new DB type plans.
Denny |
Originally Posted by JamesBond
(Post 2731969)
I am not really interested in selling it. Just using it as a counter example of how selfish YOU are being.
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