Anyone actually had Retirement Reduced??

RealPerson

Well-Known Member
So,
With all the talk a little while back, has anyone Actually had retirement pay Reduced???

Not just a letter saying it might, but reduced......??
 

RealPerson

Well-Known Member
Many places have had reductions due to the plans being underfunded.

Look at Central states, The ly are going to be insolvent very soon.
Reason I ask, is because I am in Central states... Well kinda.. I am only part time with 25 years, BUT I have several FT friends who are not worried at all. Says there is NO reduction, and last contract even gava a raise to the amount per month. Says UPS will cover amount not in Central Fund...
Anyway, just trying to get some knowledge on this subject.
 
Reason I ask, is because I am in Central states... Well kinda.. I am only part time with 25 years, BUT I have several FT friends who are not worried at all. Says there is NO reduction, and last contract even gava a raise to the amount per month. Says UPS will cover amount not in Central Fund...
Anyway, just trying to get some knowledge on this subject.
That's why I twist my coworkers are to get internet the 401k. Gotta take care of yourself. Can't always rely on others.
 

Returntosender

Well-Known Member
Reason I ask, is because I am in Central states... Well kinda.. I am only part time with 25 years, BUT I have several FT friends who are not worried at all. Says there is NO reduction, and last contract even gava a raise to the amount per month. Says UPS will cover amount not in Central Fund...
Anyway, just trying to get some knowledge on this subject.
Mortality rate/ tables by the IRS. A few years back messed with pension payouts
 

rod

#1 on Upstates "list"
No--I'm still getting the same piddly $3,000 a month I was awarded 18 years and 4 months ago.
 
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