Plus, we want to spend our money on hookers and scotch.

We are talking catch-up bracket so the correct order is scotch and hookers.

So the union wants us to go to an all B Fund with a newly developed plan to replace our current AFund and B Fund. Seems like most do not even know what we got going on now or how to correctly manage it. If you do not know how to calculate what the company puts in your B Fund each paycheck, where to find out your totals on the vanguard account you are doing yourself a huge financial disservice. We negotiated and you work for your money, spend the time to learn how to manage it, not just how to spend it on hookers and booze!

I am pretty sure what they are talking about is still considered an A Plan. They are not talking about changes to the B Plan.

Ok.
So we're basically talking about how much after tax $$ we can tap off our income stream to put into our B-fund before we hit limits that stop company contributions. This, if I'm not mistaken, is just another investment vehicle at that point (since the money is already taxed and future withdrawals receive no special tax treatment).

I like the B-fund and I max out my pre-tax contributions but, personally I prefer to diversify my after tax investment vehicles. I also believe there are better ones out there. YMMV.

Look at it like this:

$54,000 IRS 415C limit (those under age 50)

$270,000 income *.08 (B Fund) = $21600
401K contribution $18000
401k FDX match $ 500
Extra 5% of income (270k max) $13500
TOTAL $53600
50 and over catch up $ 6000
NEW TOTAL $59600

This allows you to stay under to IRS 415C limit of $54000 of those under 50 and the $60000 age 50 and up.

Yes, it meets the IRS requirements of an A plan, but like our B plan, we assume 100% of the risk. Unlike our B plan, someone else gets to decide how to invest the money and gets paid regardless of how it performs.

I am simply correcting incorrect information. I neither approve or disapprove of the proposal as I haven't seen it yet. It is not how I would proceed, but who knows till it is published.

For those who have maxed out sick leave banks, those distributions get added to this total also.

True, but if sick bank buy back goes over the limit (60k for catch up guys, 54k for under 50 guys), they'll just pay you the difference.