Originally Posted by
kronan
The problem lies in Guarantee\per year.
As I understand the premise of a VB, There IS a built in Guarantee, and what that Guarantee Level is would depend upon what We negotiate.
If the company makes a fixed contribution based on payroll, as pointed out in the latest video at 8:35, how can there be a guaranteed level?
The only guarantee level this plan has is what the PBGC pays out. This is the same with the current plan.