There was a previous thread on this topic
here, started by a handsome and witty member of this body.
Questions I have after today's letter are:
1) Define voluntary. If I opt out, do I still get the 25% contribution, or am I opting out of 9% of my salary?
2) How likely is the Treasury Department to approve an optional defined benefit plan (the MBCB plans are defined benefit plans)? Have voluntary DB plans been designated as "qualifying" in the past? What hurdles exist to the approval of this plan, and what is the anticipated timeline? Can the approval timeline precede membership ratification (
i.e. can we know what we are voting on)?
BoBZ--shocked you have yet to respond. I found your comments in the previous thread useful.