View Single Post
Old 06-03-2018 | 02:13 PM
  #184  
pinseeker
Gets Weekends Off
 
Joined: Aug 2006
Posts: 1,813
Likes: 0
Default

Originally Posted by kronan
Pinseeker,

you really are a special kind of wonderful aren't you?

Am I on Camera? I keep waiting for Allen Funt to pop out.

Here's an offer. 50$ to your Favorite Charity if you are correct, that the Traditional Plan with the Same YOS and Same FAE Floating Earnings cap is Inferior to the VB's 2% floor.

YOU supply 26 years of projected Salary and projected IRS Caps. I will enter them into a Spreadsheet. And Again, my Expectation that the Traditional High 5 will return a greater Pension.
Make the Upgrade as Aggressive as you want. WB FO as a newhire, NB Capt Year 2, WB Capt year 4. Whatever Numbers You want to Supply, I will be Happy to Input.


Nice Catch on the salary. Turns out there's a big difference between .03 & .03%
Not that I expect you to Understand the difference.


1 $75,000 $1,500 $1,500
2 $145,990 $2,920 $4,420
3 $158,010 $3,160 $7,580
4 $166,300 $3,326 $10,906
5 $169,970 $3,399 $14,305
6 $173,730 $3,475 $17,780
7 $177,540 $3,551 $21,331
8 $181,450 $3,629 $24,960
9 $215,170 $4,303 $29,263
10 $221,190 $4,424 $33,687
11 $227,826 $4,557 $38,244
12 $234,660 $4,693 $42,937
13 $241,700 $4,834 $47,771
14 $248,951 $4,979 $52,750
15 $275,000 $5,500 $58,250
16 $275,000 $5,500 $63,750
17 $275,000 $5,500 $69,250
18 $275,000 $5,500 $74,750
19 $275,000 $5,500 $80,250
20 $275,000 $5,500 $85,750
21 $275,000 $5,500 $91,250
22 $275,000 $5,500 $96,750
23 $275,000 $5,500 $102,250
24 $275,000 $5,500 $107,750
25 $275,000 $5,500 $113,250
26 $275,000 $5,500 $118,750


As a Reminder, Traditional was $143,000


First, I never said that the Traditional A plan with a Floating FAE indexed to the IRS limits was inferior to the VB plan floor accrual.

All I have stated is that the modeler predicts a new hire who works for 25 years and retires at 60 will have a floor accrual rate of about $160K. You have stated that the VB plan is cheaper than the current A plan. I asked how it could be cheaper if the modeler is correct and a new hire will get a guaranteed $160K vs. the current $130K.

You still haven't answered that question. Did you put your new hire in the modeler at a first year pay of $75,000 and historic upgrade, retiring with 25 years of service?

Is there any reason that you kept the IRS earnings cap at $275K?

Keep throwing out insults when you can't make a valid case for your point of view.

Special Kind of Wonderful out!
Reply