Re(2): 13th Check
IP: 71.100.83.202
Posted on May 24, 2013 at 01:20:32 PM by J J Oliva

Jack, as I understand it, the increase in contributions is due, in part, to the ability to maintain a sound fund. The increase in benefits along with the increased salaries requires considerbly more funds in the plan. There is no cap on pension earned like the 65% used in the pass. It is possible to earn a 100% pension now which was not available in the pass. The few years of low % contributions added to the actuary's opinion.

You have to pay for what you get is what it amounts to. JMO

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