Originally Posted by
pinseeker
The only guarantee level this plan has is what the PBGC pays out. This is the same with the current plan.
The current plan pays a guaranteed level unless some pretty dire circumstances come to pass and the PBGC steps in. Not quite the same case as the variable plan which, in addition to the risks guaranteed by the PBCG, must also weather the vagaries of the market which might result in a lower pay out even without the PBGC.