Originally Posted by pinseeker

Where to start?

First, the company costs aren't fixed or static, their costs increase every year that our pay increases. The company costs are a percentage of total payroll. If payroll goes up, costs go up. Their costs will be known, not static or fixed. If the plan doesn't meet the floor guarantee, then they will have to pony up more cash. Of course that all still has to be negotiated and no one really knows how that will work. I've asked what happens if the company says they can't meet the floor guarantee, and the answer was that they would have to, it's in the contract.

Second, your "pancake" is determined by taking 2% of your earnings and then figuring out how many "pancakes" you get by the cost of each "pancake." If you earned $250K this year, your benefit would be $5000. If the cost of a pancake at the end of the year is $10, you get 500 pancakes.