Originally Posted by
embflieger
Does this mean that 12.75% of our income goes into what is essentially a 401k, or is this an employer contribution of 12.75% separate from our regular salary?
If you're a CAL employee (sorry, co-worker), call your MEC office and ask to talk to your R&I staffer. They can give you the details.
The A fund is a defined benefit plan, CAL's is frozen and if you're not already covered by it, you never will be.
The B fund is a defined contribution plan where the company contributes x% of earned income.