codebreaker
TB Lurker
- Credits
- 3
No one knows the facts and figures yet to be determined about what will happen with the future pension benefits in the trustees hands. My understanding is that no matter what the participants vote, the trustees still have the final decision.
I know for a fact that a lot of active workers, who did not qualify under the MOU's about retiring at age 62, with the qualifications of age plus years of service were planning on retiring at the age of 62 and taking the 18% reduction in pension benefits. These workers must now do the math. If you were in that group and the trustees decide on a 30% reduction in pension benefits, the calculations is that now if you retire at age 62 you will now reduce your pension benefits by a grand total of 48%. So welcome to the world of reality, you now face a minimum of 3-4-5 more years of working. The sad part is that I know that a lot of these active workers do not have any realization of all that has gone on in the last 3 or 4 weeks with this new legislation. The small terminal that I retired from has about 4 or 5 workers that only kept up with this type of information was when I told them about it. They are going to shocked into reality when they get the notices in the mail from CSPB about any new changes. I hope they take the time to read the about any changes and not just figure this is some computer generated letter and throw it in the trash only to find out in a few years that their American dream is now a few more years away.
I know for a fact that a lot of active workers, who did not qualify under the MOU's about retiring at age 62, with the qualifications of age plus years of service were planning on retiring at the age of 62 and taking the 18% reduction in pension benefits. These workers must now do the math. If you were in that group and the trustees decide on a 30% reduction in pension benefits, the calculations is that now if you retire at age 62 you will now reduce your pension benefits by a grand total of 48%. So welcome to the world of reality, you now face a minimum of 3-4-5 more years of working. The sad part is that I know that a lot of these active workers do not have any realization of all that has gone on in the last 3 or 4 weeks with this new legislation. The small terminal that I retired from has about 4 or 5 workers that only kept up with this type of information was when I told them about it. They are going to shocked into reality when they get the notices in the mail from CSPB about any new changes. I hope they take the time to read the about any changes and not just figure this is some computer generated letter and throw it in the trash only to find out in a few years that their American dream is now a few more years away.
