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<blockquote data-quote="35years" data-source="post: 3022628" data-attributes="member: 60822"><p>It used to be everyone close would wait because we would get sizable bumps. Not sure that is going to happen. However, after the new pension reform act was passed, pensions can be reduced AFTER you retire. What good is locking in a rate that could change?</p><p></p><p>If the management pension buy-outs are any indication, any contract proposal by management to phase out the pension will be laughable. But it would be in their long term best interest to offer an extremely generous buy out offer to those now working in exchange for phasing it out for the soon to be hired. So it might be a very smart move to hold on for the new contract offer.</p></blockquote><p></p>
[QUOTE="35years, post: 3022628, member: 60822"] It used to be everyone close would wait because we would get sizable bumps. Not sure that is going to happen. However, after the new pension reform act was passed, pensions can be reduced AFTER you retire. What good is locking in a rate that could change? If the management pension buy-outs are any indication, any contract proposal by management to phase out the pension will be laughable. But it would be in their long term best interest to offer an extremely generous buy out offer to those now working in exchange for phasing it out for the soon to be hired. So it might be a very smart move to hold on for the new contract offer. [/QUOTE]
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