The Question of “Optional”

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02-03-2020 | 09:48 AM

#91

jaxsurf

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Joined: Jul 2018

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Quote:

Originally Posted by Gunfighter

I'm impressed with the clear communication in TA 20-02. I'm in favor of the plan, and will exercise my option not to participate.

Agreed, on both parts.

02-03-2020 | 09:59 AM

#92

DWC CAP10 USAF

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Joined: Apr 2016

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From: Looking left

Quote:

Originally Posted by m3113n1a1

This email didn't mention anything about a minimum balance (plus up) though.

I assume that’s because the Min balance and the MBCBP are two separate items.

02-03-2020 | 10:00 AM

#93

notEnuf

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Joined: Mar 2015

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From: N60.4858 W149.9327

I just read it and am still skeptical. Not only are they indicating the collective bargaining is what makes this optional but they fail to give any other example of this plan in effect for a large unionized work force. If true, we will be the guinea pigs. I don't want to be the tip of the spear on this. I get how this works for a relatively small group of individuals who have a partnership or sizable ownership control of a company but I can't find any examples of unionized labor and the contract period renegotiation opt in/out provision. This additional information is great, but I have so many more questions now.

02-03-2020 | 10:04 AM

#94

Schwanker

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Quote:

Originally Posted by DWC CAP10 USAF

I assume that’s because the Min balance and the MBCBP are two separate items.

Or it could be the MBCBP needs to be in place as a vehicle to put the Min Balance cash into.

02-03-2020 | 10:09 AM

#95

DWC CAP10 USAF

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From: Looking left

Quote:

Originally Posted by Schwanker

Or it could be the MBCBP needs to be in place as a vehicle to put the Min Balance cash into.

When I asked the NC the question about how the Min Balance and the MBCBP co-exist, their response was this:

” I want to clarify that the MBCBP and the Minimum Balance are two very separate items which in no way require one or the other. I think the confusion lies in that the most tax efficient place to put a minimum balance would be in a MBCBP, but in no way does the Min Balance require a MBCBP and a MBCBP does not at all require a Min Balance. Two separate topics.”