2 What is the MPS Plan?

The MPS hired Tom Lowman, an actuary with Bolton Partners, Inc., to come up with a plan to repair our pension fund. They present it on their website with slides and a video of their meeting. The slides give a useful overview, but the audio of the presentation is difficult to hear. Fortunately, MPS also provides Mr. Lowman’s letter to Adam Krauthamer which summarizes the plan and is the primary reference for this article.

Mr. Lowman agrees that if the situation at the fund continues unchanged, the fund will become insolvent. He proposes a multi-year plan:

 2.1 First Three Years:
 2.2 Fourth Year:
 2.3 Scenarios