skykid
On Point
- Joined
- Jan 24, 2002
- Posts
- 759
Blzr,
That may seem criminal. I don't like it either. You have to look logically at the options though. Have a chance to survive and no pension, or lose your job and have no pension. Then I get to start at the bottom for the same new crappy pay and benefits at an LCC that guess what, has no defined pension plan. Tell me what the other choice is. All these airlines that only fly domestic (I include Mexico, the islands, and Canada as domestic) with only one type of aircraft and no defined pensions have taken away the pricing power domestically. That is the way it is. I'm not blaming anybody, but none of the legacy carriers are going to keep defined pensions. Now, I have a pretty generous 401k where my employer puts in 9% without me doing anything, and a defined pension. Guess what, I'm realistic enough to know I can't keep that defined pension and still have a job. Common sense.
That may seem criminal. I don't like it either. You have to look logically at the options though. Have a chance to survive and no pension, or lose your job and have no pension. Then I get to start at the bottom for the same new crappy pay and benefits at an LCC that guess what, has no defined pension plan. Tell me what the other choice is. All these airlines that only fly domestic (I include Mexico, the islands, and Canada as domestic) with only one type of aircraft and no defined pensions have taken away the pricing power domestically. That is the way it is. I'm not blaming anybody, but none of the legacy carriers are going to keep defined pensions. Now, I have a pretty generous 401k where my employer puts in 9% without me doing anything, and a defined pension. Guess what, I'm realistic enough to know I can't keep that defined pension and still have a job. Common sense.