Originally Posted by
MEMFO4Ever
Sounds a lot like mutual fund NAV's. Seems pretty straightforward. Benefits earned build over time, but vary with share price. No artificial earnings or YOS cap, just the IRS limit which is already 15 grand over our cap.
Except we get all of the bad. We don't control the investments. Like Tony said, it isn't in our name. It is based off all years, not just high 5.
If the company goes under and you have a mutual fund in your name, like the "B" plan, you keep all of the money.
With the VB plan, just like the DB plan, if the company goes under, or is distressed enough to get a judge to allow them to terminate the plan, we get the PBGC payout. That payout is currently much less than our current A plan, regardless of when you take the benefits.