Originally Posted by
tsquare
You are right about this.. (in red) except that is only one part of the equation. TVM has already put a lot more money in my bank accounts.
Methinks it is you that needs a history lesson.
The reason most here have bought into small increases is because of retirement.
Honestly, would you have voted for 4-8-3-3 if we still had a pension? Not likely as your earnings over the final three years would be the driver for your pension check deposited in a BVI bank.
4-8-3-3 does not beat inflation if one uses the more accurate shadow stats index. Therefore, I hope you are an investing savant and are turning your relatively smaller contributions into significant gains as it is pretty close to $20 a six pack in the islands today.
Imagine we re-negotiated for 6-12-5-5. We would have been just ahead of inflation. Run the numbers for your seat and see how much more you could have put away to work on your retirement. I understand the desire for TVM, however, we are just settling for crumbs instead of actual bites.