Originally Posted by
max8222
Just read the latest email from the MEC and negotiating committee. The alternate retirement is 31% not 20%. The 11% goes into a separate retirement pot which allows you and the company to put in $102.3K a year. $66K PRSP and MBCBP $36.3K
So I believe this is actually a good deal for anyone that wants it. Especially since it is all tax deferred vice cash over cap that is taxed.
From a friend -
Its not 31%/$102.2k from the company. At most it would be 20%/$66k from the company. The rest of that 401k bucket that they filled was with your OWN money, which you can do today. Nothing new.