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Pension cuts barreling down the road?
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<blockquote data-quote="cheryl" data-source="post: 2163460" data-attributes="member: 1"><p><a href="http://www.thegazette.com/subject/news/business/pension-cuts-barreling-down-the-road-20160424" target="_blank"><strong>Pension cuts barreling down the road? - The Gazette</strong></a></p><p></p><p>Michael Barton drove a truck for three decades for United Parcel Service. But as of July 1, despite all those years on the job, he faces the possibility of a 50 percent cut in his pension checks.</p><p></p><p>“It’s really going to change our lifestyle,” said Barton, 67, of Cedar Rapids. “It will knock my monthly check down from $3,000 to $1,500.</p><p></p><p>“I’m in the physical condition that I am because of the job that I had. And now, what I thought I was going to get in retirement is not going to be there.”</p></blockquote><p></p>
[QUOTE="cheryl, post: 2163460, member: 1"] [URL='http://www.thegazette.com/subject/news/business/pension-cuts-barreling-down-the-road-20160424'][B]Pension cuts barreling down the road? - The Gazette[/B][/URL] Michael Barton drove a truck for three decades for United Parcel Service. But as of July 1, despite all those years on the job, he faces the possibility of a 50 percent cut in his pension checks. “It’s really going to change our lifestyle,” said Barton, 67, of Cedar Rapids. “It will knock my monthly check down from $3,000 to $1,500. “I’m in the physical condition that I am because of the job that I had. And now, what I thought I was going to get in retirement is not going to be there.” [/QUOTE]
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