Originally Posted by pinseeker

According to the Blitzstein website, the main attraction to this type of plan for the company is a known payment into the plan and the fact that it can't be underfunded thereby not being subject to PBGC penalty payments. So if the company is contributing the same amount every year, if the market underperforms, how can there be a guaranteed floor? From 2001-2013, the market was essentially flat. There are times in the last 30 years that if you followed market performance, you would actually not have the required money to ensure $130K for life. So who pays the difference if there is a shortfall? The company? They already agreed to a set amount. Alpa? Or do they just borrow from the future to ensure current payments?

Right now our DB plan is guaranteed. It is fully funded. There are no PBGC penalties. Yes, the company could go bankrupt in the future, just like any other company, but if that happens we have bigger things to worry about. And if the company still owns the plan as was stated in another thread, what keeps them from dissolving the Variable DB plan under bankruptcy just the same as the current plan?

Lots of questions about the plan, little information from the MEC. This is to important for the MEC to continue the just wait and see attitude. It is time for them to be providing specifics.