Originally Posted by
Denny Crane
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
Yes. According to the DTW rep I’ve engaged it’s in our name. Control over investment is not controlled. But if there’s a better plan I’ve not seen a single post recommending it, in fact the posts are all deconstructive towards the MBCBP or just want the extra money outright which isn’t going to happen.