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<blockquote data-quote="bigd" data-source="post: 1138060" data-attributes="member: 42563">He is 100% right!!If our pension fund continues to be in critical status below 80% we might lose some or all of the following benefits.Adjustable benefitsThe plan offers the following adjustable benefits which may be REDUCED OR ELIMINATED as part of a future update to the Rehabilitation Plan may adopt:1). Post retirement death Benefits;- your family (espouse) will not receive payments after your death.2). 120 month payment guarantees- the plan can stop paying after 10 years.3). Disability benefits ( not yet in pay status );- the member will have to wait until 55 years of age in order to collect any credited years.4). Early retirement benefits of retirement-type subsidies, including the 25 year service pension;5). Benefits payment options other than a qualified joint and survivor annuity;- we will no longer be able to retire at 25years of service at any age.6). Recent benefits increase ( i.e., occurring in past 5 years);- whatever increase we get now can always be taken back at any time!1) SECURE2) RESTORE3) INCREASE Those are the steps any Eboard must follow.</blockquote>

[QUOTE="bigd, post: 1138060, member: 42563"] He is 100% right!! If our pension fund continues to be in critical status below 80% we might lose some or all of the following benefits. Adjustable benefits The plan offers the following adjustable benefits which may be REDUCED OR ELIMINATED as part of a future update to the Rehabilitation Plan may adopt: 1). Post retirement death Benefits; - your family (espouse) will not receive payments after your death. 2). 120 month payment guarantees - the plan can stop paying after 10 years. 3). Disability benefits ( not yet in pay status ); - the member will have to wait until 55 years of age in order to collect any credited years. 4). Early retirement benefits of retirement-type subsidies, including the 25 year service pension; 5). Benefits payment options other than a qualified joint and survivor annuity; - we will no longer be able to retire at 25years of service at any age. 6). Recent benefits increase ( i.e., occurring in past 5 years); - whatever increase we get now can always be taken back at any time! 1) SECURE 2) RESTORE 3) INCREASE Those are the steps any Eboard must follow. [/QUOTE]

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