One of the things no one has pointed out either are the “assumed” pay raises in this modeler? When I adjust them back to realistic/historical, the VB is ALWAYS less than the current A plan (even if i go with a 10% increase over the current 15 maximum years i have left). So not only are we accepting the risk of the market, but we’re trading away contract negations, because if our future contract raises don’t “outperform” the modeler the projections are useless even if the 2% and hurdle rate are negotiated as modeled. We’ll be “forced” to trade all other contract benefits in exchange for pay raises which “hopefully” can keep up with this modeler’s anticipated ones.


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