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This topic really reveals just how unbelivably SOUR some AA employees can be! You post some GOOD news and they still find something to complain about. How is it bad that our pension is able to pay out ALL its benifits AND grow by 200 mil?
Yes our pension is underfunded. But for years? Our pension was over 100% funded in 2000. Last I saw around the begining of 2004 it was underfunded by 24%(and thats with an age 60 elegilbity) and that number has probably shrunk as the market has moved up. Even if AA does go BK it would certainly have a difficult time trying to argue in court of the need to dump a Pension this well funded. I think UAL's is more than 50% underfunded and US's around 70% underfunded.
Whats so unrealistic about a 9% rate of return? With a straight face I'm constantly told my 401k should have an annual TEN % rate of return! Of course we all know thats almost impossible but shouldn't a professional money manager be able to get 9%?
Yes our pension is underfunded. But for years? Our pension was over 100% funded in 2000. Last I saw around the begining of 2004 it was underfunded by 24%(and thats with an age 60 elegilbity) and that number has probably shrunk as the market has moved up. Even if AA does go BK it would certainly have a difficult time trying to argue in court of the need to dump a Pension this well funded. I think UAL's is more than 50% underfunded and US's around 70% underfunded.
Whats so unrealistic about a 9% rate of return? With a straight face I'm constantly told my 401k should have an annual TEN % rate of return! Of course we all know thats almost impossible but shouldn't a professional money manager be able to get 9%?