Originally Posted by
busdriver12
Ditching the A plan for newhires would make sense for very few of them. In order to replace 130K annual income at age 60, you'd need a lump sum of about 2.5 million, for something that got a mediocre return. Not going to get that unless you are a good investor, hired very young. As disappointing(but not surprising) that we were unable to get an A fund increase, I'd rather keep it for the new guys. Yes, it won't be worth near as much 20 years from now, but pension plans are going the way of the dinosaur, look around you. The equivalent of 2.5 million is still a lot of money, get your best revenge and live for a long time.
Agree 100%!! An 18% B fund doesn't hold a candle to what we have now, even if you are young. Although, the lack of an increase in the A fund is my biggest reason for leaning NO at this point. But in fairness, I will wait to read the entire TA and attend the road shows before making final judgement.