Originally Posted by
TonyC
For the record, I'm not opposed to raising the "B" Fund percentage, and I'm a proponent of Cash over the Cap. However, I do not believe it can replace the value of a 50% Income Replacement valued "A" Fund. Furthermore, I'm not willing to settle for only an improvement in the "B" Fund as a way to halt the Variable Benefit scheme train.
- Abandon the Variable Benefit nonsense.
- Raise the FAE Cap on the "A" Plan.
- Raise the contribution percentage of the "B" Plan, and include Cash Over Cap.
- Implement a Cost of Living Adjustment for the "A" Plan.
That should be our path forward.
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I agree, this is what we need to do.