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Central States Pension Reduction Plan Letter announces Cuts - October 2015
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<blockquote data-quote="Ms.PacMan" data-source="post: 1862889" data-attributes="member: 4656"><p>I don't think it will be as high as the max at 50% because the retirees who once worked for an orphan company but now work for another contributing employer will have those work credits from the orphan co. reduced to 110% of the pbgc guarantee and their current employer credits reduced by a different amount. </p><p></p><p>That will leave more money to be split amount retirees who never worked for an orphan company.</p></blockquote><p></p>
[QUOTE="Ms.PacMan, post: 1862889, member: 4656"] I don't think it will be as high as the max at 50% because the retirees who once worked for an orphan company but now work for another contributing employer will have those work credits from the orphan co. reduced to 110% of the pbgc guarantee and their current employer credits reduced by a different amount. That will leave more money to be split amount retirees who never worked for an orphan company. [/QUOTE]
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Central States Pension Reduction Plan Letter announces Cuts - October 2015
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