Originally Posted by FXLAX

It doesn't sound to me that it would be a termination? It sounded more like a negotiation to convert into a lump sum. But maybe its just semantics? I wasn't making a value judgement on the idea. Just pointing out to the two other posters I quoted that maybe a lump sum contribution can be done within IRS rules (at least into an MBCBP), evidenced by our previous NC trying to negotiate that?

In any case, like I said, it was from the PREVIOUS negotiating committee. Reference their update from 3/19/24, where it says, "introducing a new concept to convert the current accrued benefit in the Pension plan as a pre-funded lump sum balance in the MBCBP."