The least damaging option presented to the members was graph A. This “solution” keeps the 30K retirement and does not change the multiplier. Unfortunately, this option was pulled from the ballot by our labor trustees because they do not think they can convince the management trustees to accept it.
Don’t believe them! If the membership is willing to put their money (an additional $0.80/hr) into the pension plan for a solution the Actuary suggested, then we should be able to win the Fiduciary Responsibility argument.
Write in “Graph A”, the choice comes down to $0.80/hr now or 5+ years of additional labor with reduced benefits.