Originally Posted by BoilerUP

This is not an accurate statement.

The Captain Flat Dollar Amount defined benefit went from $3k/YOS to $4k/YOS at date of signing on 1 Sept 16, is currently $4200/YOS, and with the 2020 extension will increase to $4300/YOS on 1 Jan 22 and $4400/YOS on 1 Jan 23.

EDIT: clearly I’m late to the game and missed about a dozen posts after the one I replied to that expanded on the topic, LOL

I would submit the FDA calculation, which has to be negotiated basically every CBA due to ERISA rules, is fundamentally different than a market-based “pancake” plan. That renegotiation entails risk, yes, but those risks are substantially different IMO.