Originally Posted by
FangsF15
The MBCMP (Market Based Cash Balance Plan) is completely independent and separate from the Minimum Balance.
The MBCBP can exist without the Min Balance. The MBCBP may or may not be optional, depending on the Department of the Treasury’s decision on the matter, and is not a windfall for anyone, senior or not. It’s simple a tax-deferred vehicle for excess DPSP Cash.
The Minimum Balance, however, would be a windfall for a small section of the folks screwed from their DB retirement plans.
They are two completely different things.
If it’s not optional then I’d advocate that it’s not a good idea. I’d feel better off having that money and doing what I wish, even if it’s taxable income.