Originally Posted by
DLax85
I think the quote states it "reduced" the PBGC costs by $3 million per year
I don't know, but I don't think that was the total PBGC costs for all 41,000 retirees covered.
I believe you're right. Doing the math...That figure, $3million, would add up to just the fixed-rate portion of the PBCG premiums. But, if they bought an annuity to cover the 41,000...There wouldn't be any underfunding for those 41,000. So, no variable-rate premiums either?
It would just be easier if there was a lot more transparency in what the pension costs actually are. And, this information should be dumbed down so even a millennial could understand it.
