Originally Posted by
notEnuf
It's still trapped money with no control and a DB and we know how that plays out when times get tough. What's wrong with just paying me and allowing me to determine how to spend MY earnings?
Ahhhhhh, the "we know what can happen to a DB type plan" argument. Yes, the MBCBP is a DB type plan but.......it will not be lost in tough times or a bankruptcy like the old DB. My understanding is it's your money in an account in your name. You just cannot control what it is invested in.
There is nothing wrong with that. Only now you are dictating how I (and many others close to retirement) are paid their money. Maybe they want something different. This is why the optional part is so critical. Then everyone can choose what's best for themselves.
Denny