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Pension Cuts Blocked
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<blockquote data-quote="35years" data-source="post: 2180064" data-attributes="member: 60822"><p>Yep..</p><p>Plus they rejected the overly optimistic investment returns and overly optimistic new entrant average age estimate.</p><p></p><p>What these rejection criteria point to is that <strong>any new recovery plan has to make even more severe cuts...to be accepted</strong>. (the recovery plan has to have a reasonable chance of keeping the fund solvent).</p><p></p><p>Read more here...</p><p><a href="http://stmedia.startribune.com/documents/Central+States+Notification+Letter+201605060.pdf" target="_blank">http://stmedia.startribune.com/documents/Central+States+Notification+Letter+201605060.pdf</a></p></blockquote><p></p>
[QUOTE="35years, post: 2180064, member: 60822"] Yep.. Plus they rejected the overly optimistic investment returns and overly optimistic new entrant average age estimate. What these rejection criteria point to is that [B]any new recovery plan has to make even more severe cuts...to be accepted[/B]. (the recovery plan has to have a reasonable chance of keeping the fund solvent). Read more here... [URL]http://stmedia.startribune.com/documents/Central+States+Notification+Letter+201605060.pdf[/URL] [/QUOTE]
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