OK - I will try to start a trend. Only awarded 1 five day trip in July and that is all I am working.

Scoop

 

I understand why you want your DB. My concern would be the ongoing viability of the DB - yes, we are profitable and have a competent management team right now.

What happens when Norwegian or Emirates starts flying JFK-LAX through some scheme, and we start losing billions? What happens when some corporate raider or unethical management comes in and drains the company, sells assets and underfunds the pension? etc, etc.
Imagine the company comes to us and says, "we can't pay these pay rates and have a pension. 50% pay cuts to save the pension or we terminate it."

I really prefer to have a DC, that is in my name, that can't be screwed with by the company.

 

6 days in may, 5 days in apr. if I play my cards right, it'll be zero days in july except for bounces in the sim.

 

I understand your concerns, but if Congress would change the funding rules and require our DB plans to be fully funded prior to any stock buybacks, and untouchable in bankruptcy, then you wouldn't have as much to worry about.

Back in 2008, when the stock market was collapsing and big brokerage houses were going under, do you know why AIG survived?

Because AIG bank insures the retirement plans for....

Congress.

 

In the past I have been hard over on no DB plan. Of course, this is due to my personal negative experience. My views have changed.

I think we need to explore a cafeteria type plan on retirement. Maybe a partial DB plan? 30% FAE instead of 60% and DC. Maybe even an annuity. You want all DB, fine. You want partial DB, fine. You want an annuity, fine. You want a partial annuity, fine. The possibilities are endless. What fits one doesn't fit the other. IMO, a spreading of the risk would be a good thing for everyone. The Company, too.

I now support exploring additional options. Choice is a good thing.

 

Do you have supporting information for this?

Here ya go:
http://www.factcheck.org/2009/02/aig-bailout/
http://www.politifact.com/truth-o-me...ions-congress/

 

Just like you, I read it on the internet, so it must be true!

FULL ANSWER
American International Group Inc. was the recipient of a government "bailout" of about $85 billion back in September of last year. But the loan that was extended to the failing insurance company was not the work of the U.S. Congress. The deal was brokered by the Federal Reserve with the backing of the Treasury Department. In fact, some members of Congress were not at all supportive of the deal.
Furthermore, the decision to lend the company money could have nothing to do with pensions for members of Congress. AIG does not insure the pension trust fund that covers members of Congress and other federal employees. AIG spokesman Peter Tulupman dismissed the claim as "an unsubstantiated rumor." And Kathy McGettigan, deputy associate director of the Office of Personnel Management’s Center for Retirement and Insurance Services, told FactCheck.org: "No one insures that fund. The fund’s assets are backed by the earned benefits of [federal] employees. The fund itself is not insured."
-D’Angelo Gore
Clarification, Feb. 12: In early November, the Federal Reserve announced a restructuring of its support of AIG. The U.S. Treasury Dept. purchased $40 billion of preferred shares of AIG, reducing the Fed’s bailout to $60 billion. The money the Treasury used came from the Troubled Asset Relief Program, which Congress had passed Oct. 3, 2008. But Congress didn’t stipulate where the money would go. It was the Treasury’s decision to give $40 billion to AIG.
Sources

Andrews, Edmund L., Michael J. de la Merced and Mary Williams Walsh. "Fed’s $85 Billion Loan Rescues Insurer." New York Times, 16 Sept. 2008.
Office of Personnel Management. "Agency Financial Report: Fiscal Year 2008."

 

My question from the start was why would congress bother to insure their pension when they can just steal more from the taxpayers when it runs short? Let's send Rubio packing in November. And then Bill Nelson in 2 years

 

On my PBS calendar, there is a note in each day: 365B: 51:40.

I think it refers to to rolling 365 day block.

Anybody know what 365B 51:40 means and will it have any impact on my August bidding?

 

Big news on VA Ave. Grand opening of a Mellow Mushroom tomorrow, July 4th. It's just past the Happy Buddha.