Originally Posted by golfandfly

Again, if you'd read more carefully, I'd say I'd listen to a proposal. I never said I'd screw the new guys. From the new hires I've talked to, almost everyone said they'd be interested in a higher B fund. Again, I think they'd need to think about it more before deciding. After research, they may change their mind. What this number would have to be, I'm not sure either.

I voted no on this contract almost solely on lack of a A fund retirement increase. We had a the best negotiating environment we'll probably find, but we failed to get it done. Now we're outside section 6. Don't kid yourself, the company isn't going to improve our retirement because they like us. They'll negotiate with us if they get more in return.

So, in lieu of givebacks, how do you think we achieve this? What negotiating capital do we have?

I ran an inflation calculator to find out what the A fund may be worth in 2050. Using a 2.5 rate of inflation (a guess), $130k will be worth around $57k.

There are always variables. How long will someone live? Actual inflation? Bankruptcy?

There are certainly risks with market based plans (B Fund). Market gains/losses? Poor investment choices? In short, the best retirement plan may be unique to a specific person.

So, to be clear, I'd simply listen to any proposal that's out there. If the deal screws any group, I'd vote no (again). Also, as mentioned earlier, the company will not engage us unless it's in their best interest. So, I seriously doubt we'll see anything that isn't a bad deal for us. But, again, it doesn't hurt to listen.