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.
That's simply the misinformation from the NC. They're gaslighting you into thinking it's 31%, but it's not. It's (existing 9% B Fund) + (11% MBCPB) + (11% of YOUR OWN MONEY) = amazing 31%!! Incredible! Not to mention that the MBCPB is much less desirable than just putting that extra 11% into the B fund.