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More gloom and doom..CS is tanking
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<blockquote data-quote="Mugarolla" data-source="post: 1598605" data-attributes="member: 8481"><p>No, everyone does not get the same payouts, but the Boston College research did not define a set $ number in reduced benefits, they specified a reduction percentage.</p><p></p><p>They took into account the different $ payouts.</p><p></p><p>CS just needs an average of a 30% reduction to remain solvent indefinitely.</p><p></p><p>Cutting some 60% cutting some 50% cutting some 40% cutting some 5% should average out to a 30% cut across the board.</p><p></p><p>This would make the pension fund good indefinitely. And if the economy improves greatly, or if CS gets their funding to a better level, they may be able to reverse some of these cuts in the future.</p></blockquote><p></p>
[QUOTE="Mugarolla, post: 1598605, member: 8481"] No, everyone does not get the same payouts, but the Boston College research did not define a set $ number in reduced benefits, they specified a reduction percentage. They took into account the different $ payouts. CS just needs an average of a 30% reduction to remain solvent indefinitely. Cutting some 60% cutting some 50% cutting some 40% cutting some 5% should average out to a 30% cut across the board. This would make the pension fund good indefinitely. And if the economy improves greatly, or if CS gets their funding to a better level, they may be able to reverse some of these cuts in the future. [/QUOTE]
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