Airlinelifer
Senior
- Jan 10, 2008
- 333
- 142
The IAM negotiated a pension with NWA after the company froze its pension. The new pension is funded by NWA and administered by the IAM National Pension Fund (iamnpf.org) for its members. Delta's pension is now frozen, is Delta planning to start a new pension for its employees?
NWA offers a 401(k) plan to its employees (but does not match), the plan is administered by State Street Bank.
Does Delta's 401 K match?, and who administers the plan?
And remember: a 401 (k) plan is not a pension.
It's the only retirement plan most people have, but it carries significant risk for the employee (a declining stock market). A 401(k) plan is just a supplemental retirement savings plan. (Which is a good thing to have, if you also have a defined benefit plan - a real pension.)
NWA offers a 401(k) plan to its employees (but does not match), the plan is administered by State Street Bank.
Does Delta's 401 K match?, and who administers the plan?
And remember: a 401 (k) plan is not a pension.
It's the only retirement plan most people have, but it carries significant risk for the employee (a declining stock market). A 401(k) plan is just a supplemental retirement savings plan. (Which is a good thing to have, if you also have a defined benefit plan - a real pension.)