The video seemed very light on details on how it will effect the individual pilots retirement. The only thing I gathered was there could be floors for downward movements and ceilings for upward movements in the market.
Other than that, I didn't get much out of it other than what the PBGC charges and it is quite a bit if your pension fund is underfunded. I didn't know that.
I hope they release more videos with very specific details. One I'm very interested in is how would this variable plan perform during the 2000-2013 time frame (the same time frame they referenced in the video, the '00 dot com crash and the '08 meltdown) and how it would effect the income of current retired pilots and the future returns of those not retired.