CesnaCaptn
Well-known member
- Joined
- Dec 4, 2001
- Posts
- 724
I would much rather have some control of my retirement rather than have it all tied up in a pension, hoping and praying that it stays intact until I die. You do realize that Alaska Airlines pilot pension is the only one that has not been defaulted on via BK? You like those odds?
When professionally analyzed, my advisor said that our company / negotiators were amazingly accurate. The difference for me (using some general return assumptions) on the rebalance vs the pension was withing a couple of hundred bucks after a 30 year career.
So yes, you take the risk, but is it any more risky than believing the pension will survive?
I wasn't arguing which choice would be right for you and your family. I was merely arguing that option 3 was sold as an equivalent to option 1. Having said that, I was wrong anyway. I just reviewed the mailer from the last contract. For me there was a $300 increase to go from option 1 to option 2 and another $300 increase to go option 3.
Anyway, enough about the last contract. It's water under bridge.