It's not a pension in the sense its a debt owed. It's a pension in the sense that the benefit is distributed after retirement but the asset is individually owned. The problem with pensions is ownership of the assets. There doesn't need to be a MBCBP, it was an answer to retirement funds being taxed. If we don't care then it's just like adding it to the hourly rates. Those rates are always negotiated with peer rates as the backdrop so upping the retirement percentage would be my preference and I'll just invest the funds after tax for retirement. I can deal with the overage now and will do so inthe future absent some tax shelter. But we have to keep in mind the real reason for this.