I got me a letter from my NY State fund stating my pension cut will be delayed till Oct.

Discussion in 'Central States Pension Fund Discussion' started by Apostolic, Apr 20, 2017.

  1. Apostolic

    Apostolic Super Moderator Staff Member

    Messages:
    23,869
    Likes Received:
    2,268
    It was one of those good news bad news notification.
    Good news that I'm not going to have a 31% cut beginning July 1st of this year.
    However even though the cuts are being extended to start in Oct.,there may be a greater cut by then.

    This is so disappointing to see that when I was a working Teamster,when in contract talks.
    The majority made the choice to take less money in our paychecks with more going into the fund.
    So now what?
     
  2. jimmy g

    jimmy g Kook

    Messages:
    17,141
    Likes Received:
    9,387
    I'm only guessing, but probably you'll collect 55-60% for a couple years. Then zero, like those of us who will retire about then...
     
  3. SuperCourse

    SuperCourse Well-Known Member

    Messages:
    8,848
    Likes Received:
    7,346
    All the consultants, lawyers, and investment management firms should be able to suck a lot out of it as this drags out. They should liquidate and disperse what's left, but they won't.
     

Share This Page