Originally Posted by
Cogf16
Do you not understand that to address all demographics as equally as possible, the guys near retirement need some sort of lump sum as an increased DC will not impact their retirement enough? Or do you NOT WANT EVERYONE on the list to get improved retirement monies???? I think that is the central issue in this debate. Are people okay with the guys near retirement only getting the increased DC for months and not MANY YEARS.....
That's like saying those nearing retirement should be paid at the higher FOURTH CONTRACT YEAR pay rates (of the new 4-year contract) while everyone else is paid at the FIRST CONTRACT YEAR pay rates of the new contract because those guys won't be around to enjoy the higher fourth-year pay rates. Doesn't make much sense now does it?