Bring back pensions

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02-23-2023 | 03:41 PM

#51

Nantonaku

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Quote:

Originally Posted by NuGuy

What do the stats say? Most people have less than 45k in their 401k if anything at all?

Don’t see those folks lighting the torches.

The government will/is inflating away our buying power indirectly. Accepting 4% inflation now, reinventing inflation indexes means they don’t have to do anything to tax citizen’s retirement savings.

02-23-2023 | 03:42 PM

#52

Red Forman

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From: Pilot

Quote:

Originally Posted by overqualified52

Any thoughts or ideas on ever getting pensions back and what would be a good pension plan ? Does anyone remember what some of the pension plans were back in the day ?

Why do you want an inferior retirement plan?

02-23-2023 | 03:49 PM

#53

nene

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Quote:

Originally Posted by NuGuy

What do the stats say? Most people have less than 45k in their 401k if anything at all?

Don’t see those folks lighting the torches.

Once a super majority has next to nothing, and what little they did have has been inflated out of existence, the progressive train of thought will go to making retirement equitable for all by seizing retirement assets and allowing the govt to dole them out more equitably.

Guns won't stop a mob or when the govt just seizes the assets and a majority of the public is fine with that.

02-23-2023 | 04:36 PM

#54

SonicFlyer

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Quote:

Originally Posted by OOfff

yes I’m sure your fantasy of an armed uprising will happen when the tax laws change

Well, it has already happened here in the late 1700s and again in the mid 1800's. You should study some history.

02-23-2023 | 04:54 PM

#55

2StgTurbine

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Quote:

Originally Posted by nene

Any proof of this? People say this all the time as if it's a fact. Is this just one of the fear-mongering talking points Tucker and the gang shout at you while you're on your Laz-ZBoy?

02-23-2023 | 06:02 PM

#56

Red Forman

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From: Pilot

Quote:

Originally Posted by OOfff

yes I’m sure your fantasy of an armed uprising will happen when the tax laws change

No more than your fantasy of the government confiscating retirement funds.

02-23-2023 | 06:11 PM

#57

OOfff

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Joined: Sep 2016

Posts: 8,831

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Quote:

Originally Posted by Red Forman

No more than your fantasy of the government confiscating retirement funds.

can you point me to the post in which I advocated for this? Or hoped for it?

or are you just making things up about me again?

02-23-2023 | 06:17 PM

#58

Starcheck102

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Joined: Aug 2012

Posts: 308

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From: ATL 330 A

Quote:

Originally Posted by overqualified52

Any thoughts or ideas on ever getting pensions back and what would be a good pension plan ? Does anyone remember what some of the pension plans were back in the day ?

The Delta MEC has actually asked this question several times, and fully costed out the answer in 2016. Step up for ALPA work, sign an NDA, and you can read it yourself.

-and-

Fun fact, the PBGC regards the Market Based Cash Balance Plan as a defined benefit plan.