In 25 years, the $169k pension will have roughly $80k in purchasing power before taxes, and it's insured at pennies on the dollar by the PBGC. It also can't be passed down to heirs. To each their own.

That said, had they froze the $130k pension, and increased the B fund to 16% with CoC, I'd probably vote yes.

 

I have multiple financial licenses and years of data analysis job experience. Be careful who you insult on the internet. My comments were directed at the improved legacy pension, not the MBCBP. I've railed on the MBCBP in multiple other posts.

The new "pension" is the MBCBP. It's a DB in name only, as only contributions are guaranteed. I've posted multiple times why I would prefer a higher B fund with CoC spillover option into a MBCBP ala Delta than our current TA.

The MBCBP is certainly an improvement than a legacy pension for junior pilots. So if this is voted in, at least that is a plus. But without cash over cap, it's low target rate, the company being the fiduciary, the risks for it are not zero. I question it's long term benefit matching what is being proposed. If it had CoC, I would probably vote yes. There has to be some risk management to IRS policy other than, the company and ALPA will renegotiate if IRS limits stay flat for years.

There's math, forecasts, and personal opinion. I understand why people love pensions. But there's also valid reasons for wanting as much money in your name as soon as possible instead of a traditional pension.