Albie15’s perspective always interesting.
Will say it’s nice to be working for a company where the odd 10k extra a year is a take it or leave it kind of mindset.
And, does Albie Really need to quantify what a change to the earnings Cap would produce ala retirement?
If it changes to 280, that’s the 10k extra a year.

And Dlax seems to be arguing both ways...that the ‘cost’ to a floating VB cap with a 2% floor is the same as the ‘cost’ to index our Traditional High 5 to the same cap.
But Dlax has pointed out the VB cap is Not the equivalent of our traditional Average cap. That one or two really good years in the 350-450 range have a big Impact on the Traditional Average while Attaining the VB 275 calculation would require every Single year of your career to be at that floating cap level.

The selling point of the VB is the reduced accounting/book expenses and the reduced PBGC expenses as compared to our traditional plan
Each and every new hire creates a book expense equivalent to the 260 Average * expected YOS the date they are hired.
Pension plans are Not a pay as you go plan