To: whitedog57; cripplecreek
We need some clarification on this. It could be 16 cents ( or percent ) of the unfunded liability. If the pensions are funded between 50 and 75%, it would be the remainder @ the 16 number.
Cripplecreek, are you out their for conformation on this?
6 posted on
10/27/2013 4:21:30 PM PDT by
taildragger
(The E-GOP won't know what hit them, The Party of Reagan is almost here, hang tight folks....)
To: taildragger
That’s my understanding also. It refers to the unfunded portion of the DB plan. It’s also important to remember hat vesting in DB plans occurs based upon years of service. It’s not a flat haircut. A person with 20 years of service might only have a 5 haircut to his vested portion, whereas a person with only 5 years of service might have a 75% haircut to his vested pension..
31 posted on
10/27/2013 5:33:27 PM PDT by
ken5050
(Benghazi investigation update: "The plot thickens, like Hillary Clinton's ankles.." (longfellow")
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