Well,
let's see pinseeker

Could it perhaps be a result of shared Investment returns?

Repeatedly, I've shown you that year by year the 2% floor isn't nearly the same cost as a 2% FAE for the Same caps.

Oh I know, you're one of those that simply don't believe the Stock Market's going to increase in Value over the next 25 years.
Or perhaps you're one of those who fails to realize that the VB isn't "buying" shares of a Money Market Fund...but notional shares in our Pension trust. Share's that will fluctuate up\down, but never result in a value less than 2% (Assuming that's Negotiated)


But No-You, Pinseeker Know with Absolute Certainty that there must be some fairy dust in the works somewhere creating the "appearance" that the VB will return a roughly 160k pension for a 2018 new hire versus the 130 our unchanging Pension would otherwise deliver.

You Sir, are So Incredibly Smart I'd like to hire you as my Notional Investment Advisor...and I will gladly pay you 1000$ a day, No wait, you claim to be a 15% 75 Capt, so I will pay you 10k a day for the next 30 days.

Or, I will start you at 1 cent and double it each day

Which One do you want?

Expect a Notional Check from the Iron Bank....