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I A M penison out of money
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<blockquote data-quote="UpstateNYUPSer(Ret)" data-source="post: 4267424" data-attributes="member: 12570"><p>Actually, the Butch Lewis Act makes sense. Pension funds such as mine would be offered 30 year loans at extremely low interest rates with the first five years' payments interest only.</p><p></p><p>Our pension fund, which was in critical status, has been slowly improving since they made the 18%/29% cuts (actives/retirees) in 2017. This coupled with the BLA loans should get us back to where we need to be.</p></blockquote><p></p>
[QUOTE="UpstateNYUPSer(Ret), post: 4267424, member: 12570"] Actually, the Butch Lewis Act makes sense. Pension funds such as mine would be offered 30 year loans at extremely low interest rates with the first five years' payments interest only. Our pension fund, which was in critical status, has been slowly improving since they made the 18%/29% cuts (actives/retirees) in 2017. This coupled with the BLA loans should get us back to where we need to be. [/QUOTE]
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