NOTHING has been negotiated, there is NO floor. Your benefit could be less if you have the misfortune of retiring after a few down years in the market. We would be releasing the company from their liability, accepting all the market risk ourselves. We can already do that with our B fund, I don't want to do that to my A fund.
So far all we have is promises that the folks on LTD won't be left behind and those who got hired later in life and won't ever maximize their benefit under the current plan won't get left behind. Those promises give me no solace whatsoever. Another thing they don't discuss during the meetings is a few years of 4A2b. Sure, every year counts, even the bad ones, especially the bad ones.
Nobody will be left behind, yeah, never heard that before.
