Originally Posted by FXLAX

Like I said before to you without a reply (which is why I randomly replied to your fast burner post), you don’t provide any data to back up any of your assertions. On the contrary, I gave you factual data to argue the opposite.

But regardless, the PSPP wouldn’t be an on/off switch of people automatically changing their bidding strategy. Our the way we earn our total compensation (including retirement) is a spectrum on how people behave. In other words, when you change the way we get paid, it incrementally the way people behave. If you change the pay in a major way, it changes behavior in a major way. If you change it in a minor way, it only changes behavior in a minor way. It’s nonsensical to think that if you change the way we earn our retirement, it will not change any bidding behavior. Your retirement age example provides my point. The regulated age changed and then we had some people keep working past 60. Why? Because when you give people an opportunity to make more, some will.

Now, can you comment on my second point from my original post to you?