Originally Posted by
BlueAvi8tor
As a newish hire, I don't understand how we gain anything by a flat increase in the A plan that we will have to renegotiate every single contract. There has to be a better way.
I often hear guys say we need a COLA on retirement like the military. Not to be a contrarian but....Nope. The government can print money and deficit spend like a pro. A for profit company can’t. The last thing you want is rising inflation forcing a COLA increase and big funding obligation for a retirement plan occurring when our business slows down and is out of cycle with the broader market. That is a quick way to an underfunded plan and increased risk of a bankruptcy. I like the idea of an automatically growing pension but it just puts it at higher risk.