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Underfunded Pension (32 BJ)

Started by hofo
over 10 years ago
Posts: 453
Member since: Sep 2008
Discussion about
32 BJ represents most, if not all, of each building's union staff. Since their pension plan is in and has been in critical status, what is each building's potential liability if the pension eventually is insolvent? From what I read somewhere, each building is supposed to pay X % of the underfunded amount. Does anyone know what is the exact formula? Thanks
Response by rb345
over 10 years ago
Posts: 1273
Member since: Jun 2009

1. the union ought to be known as 86 BJ
2. with the leadership getting the letters and the members getting 86-ed

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