Originally Posted by
kronan
What I find interesting is many people have said the $$ improvements aren't enough to change...but no one, to my knowledge, has used the modeler and indicated that the value they receive is Less than our current A plan would produce for them
Man you have really swallowed the hook. Its a ****ing model, of course it will show a benefit. What you don't seem to get is a lot of us don't trust the model or the union to negotiate this deal nor do we want to release the company from their liability to provide us with a minimum fixed benefit after retirement. I don't care if you could possibly double the benefit, I am not willing to accept any more market risk for my A fund.
I don't have a single high 5 yet, and only have 5 left to work at most. Let me get those high 5 and I can double my benefit as it stands right now. And that is guaranteed. Freeze it now and MAYBE I can add at most a couple of grand to my annual benefit by taking on all of the market risk, no thanks.
Trust this union to negotiate a deal like this and trust the company to not exploit it, not in a million years.