You are Absolutely Right. ABF ,....Pardon me,.....ArcBest,...would like nothing better than to see these funds go to Pension Benefit Guarantee Insurance in Default Status run by the Government.
Completely removes them from the responsibility and the liability of continued funding. Plus,....it gives them the ability to tell future employees that they ..."saved"....them from a crippled Fund,....and allowed them to start a defined-contribution plan,....(..that just so happens to cost ArcBest far, far less than the old Plan.......Got to think of the Bottom Line!....).....
Don't tell the new employee that reduced funding was directly responsible for the fund being crippled........That wouldn't work for propaganda purposes to admit they were instrumental in ruining the Funds.........
HOPEFULLY,.......our Teamster Leaders see right through that plea for "relief". And,......we also HOPE that they remember ArcBest will receive a windfall 14% reduction in taxes across the board, due to the new tax code. Time to Share the Profits!