I dont understand why most of this discussion revolves around justifying the necessity of "giving the old guys this windfall"? This "ask" by our union is about improving rhebretirement monies of EVERY demographic on our list. In my mind it's very simple. Older guys need more upfront money, younger guys dont, so they get increased DC money (hopefully the full 25%)
We are a union of 14000+ guys, of all ages, backgrounds and "stories" If you want to improve EVERYONES retirement, you have to have different "silos" of money. And yeah, that was intentional because our Union has previously given different levels of money to the pilot group.