Originally Posted by
Richard Head
I will throw my vote in for NO. I also have several friends here who would be a firm NO as well. In fact the one person that I’ve met in the last six weeks who wanted it was so misinformed on it that I couldn’t even comprehend what he was saying. I almost wish they would put their four retirement options out there for a vote and let the results speak for themselves.
MBCBP (without or without min balance) is a hard no for me. I’d rather have the cash, because even if it’s taxed, it mine to control, sink or swim.
Also, I don’t really trust the union, and I trust that the MBCBP is going to be optional, even less than that.
Edit: and if there’s any way that the MBCBP interferes with the 401k Excess/Excess Plus then it’s a double hard no.