Originally Posted by
pinseeker
Really?
The $130K is for life. If you tie the VB plan to the market after you retire, your $156K may go up, but it can also go down. It could even go below the $130K.
Doubtful - briefings I attended said they would place a "high water mark" on your number. So for example, you retire at $156k and keep money in the stock market. It can go up but can't go below $156k. How do you do this? Stabilization fund and caps on earnings - as always, everything comes down to negotiations. If you don't like the final plan then don't vote for it. If you really think we shouldn't even negotiated (and thus continue to fight for A fund improvements in the next round) then you can do that do.