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<blockquote data-quote="vantexan" data-source="post: 1196715" data-attributes="member: 24302"><p>Then the company shouldn't have used the promise of a pension as a selling point to recruit newhires. Did they not have a calculator? Actuaries? They did do something about legacy costs. They started hiring people under the PPA in I believe 2003. If someone chooses to hire on with a cash balance plan that's his business. Those of us under the traditional plan should get the full pension, even if that cuts into profits and keeps the exec's from cashing in big time.</p></blockquote><p></p>
[QUOTE="vantexan, post: 1196715, member: 24302"] Then the company shouldn't have used the promise of a pension as a selling point to recruit newhires. Did they not have a calculator? Actuaries? They did do something about legacy costs. They started hiring people under the PPA in I believe 2003. If someone chooses to hire on with a cash balance plan that's his business. Those of us under the traditional plan should get the full pension, even if that cuts into profits and keeps the exec's from cashing in big time. [/QUOTE]
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