Originally Posted by
Noworkallplay
Well, the current A plan that you so much love was negotiated by the organization that would negotiate the new one also correct? So if you have no confidence in them negotiating pensions then why are you so certain about our current one?
As Kronan pointed out I think most of the language and funding levels are regulated like our current plan.
I dont care what direction we go but your arguments talk circles around themselves.
Whats Pancakes? We are earning pancakes in the current plan also arent we?
As for focused I agree. Hey at least we see eye to eye on that. It seems you have tunnel vision on this issue. Im willing to look at numerous ideas. Heck I would be interested in a Flat dollar formula (like UPS) if it was a big enough increase. So is the UPS pension “pancakes”? Is it not a pension? I know it a different calculation and formula so is it junk in your mind?
It’s almost like a 13 year old is using dad’s login.
The variable plan the union has been advocating (and wasting tons of our dues money on consultants) is an incredibly complex plan. How many companies have this plan? It requires the company to outlay a significant sum of money to stabilize the fund to be able to deal with downturns in the market. Again, incredibly complex. If you were around during the hard sell of this plan, you might have seen a video where they compared years of service as pancakes. Thus, the term pancake plan.
If you’d ever read something before spouting off, you might have noticed that I have said that I’d support other tried and true methods to increase our pension benefit. Flat dollar, higher B fund, increases to FAE or multiplier on our current A fund.
You’re right, I do really like our A fund. There’s nothing like renewing streams of income when you aren’t working. However, the amount just needs to be increased. It’s not a complex to change $260,000 to a higher amount or 2%/year to a higher percentage.