Originally Posted by
busdriver12
Except in certain situations they get A plan minus something (if they don't have high five), or A plan plus zero (if they don't make enough). And even the plus something isn't very much. It's the people with many years to go that make out on this.
A guy hired today with 25 years to work has a floor benefit of 27% of his pre-retirement income. The optimistic side of the modeler puts him at only 41% replacement of pre-retirement income. Not sure that is “making out.” We are aiming low enough that it’s not good for anybody...except the company negotiator who will get a great bonus if this goes through.