Originally Posted by
IFlyNFish
Some went to BK to rid themselves of pensions. We gave it away. Which is better?
This has somewhat of an odd "spin". No one gave away anything. Those on the property at the time were given a choice:
Keep the A plan.
Take a soft freeze with a larger 401k infusion.
Or with the new hires take a much larger 401k infusion with no pension at all.
It pretty much boiled down to how much longer you had to go to Age 65.
VERY different from "giving it away."