No real information yet, so maybe too early to discuss. But....
So, previously we wanted (and union vehemently supported) to not have a 2 tier retirement. So....
Do we assumed the "new" VB starts with Locking the A Fund?
Based on previous union positions, the A Fund should be converted to the new VB fund so we all share the same market risk in retirement. If we are going to change the retirement it will mean we all have to share the risk/reward equally correct!?
Locking the A Fund is a severe disadvantange to those with less than high 5 and less than 25 years. Take a 10 year pilot with a much reduced high 5 and only getting 20% of that. How does the new VB make up that kind of cash in 15 years? Time Value of Money only goes so far!
