Originally Posted by
pinseeker
First, we will not control the investments, neither will the union. The investments will still be controlled by the company.
Second, yes, it can be taken away the same as our current DB plan and dumped on the PBGC.
One sticking point is that the PBGC will only protect one plan. If we adopt this VB plan and freeze our current DB plan, one of the plans will not be protected.
Thanks for the reply. And also you are correct. I read it wrong about controlling the investments.