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To: All

I dont understand how the guy lost his pension.....making contributions
to a pension fund means you are legally vested and cannot be revoked.


6 posted on 05/03/2024 4:53:08 PM PDT by Liz (This then is how we should pray: Our Father who art in heaven, Hallowed be thy name. )
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To: Liz

His family is probably entitled to the $$ he contributed but I believe the vesting is the company or organizations contribution.


7 posted on 05/03/2024 4:58:38 PM PDT by Mean Daddy (Every time Hillary lies, a demon gets its wings. - Windflier)
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To: Liz

> I dont understand how the guy lost his pension.....making contributions
to a pension fund means you are legally vested and cannot be revoked. <

I don’t know how the FDNY works. But in my neck of the woods, teachers make mandatory pension contributions starting on day one. You are vested after five years, meaning you then have claim to a pension.

The size of that pension is determined by many factors, including the number of years worked and your age when you take your pension.

But what if you quit, get fired, or die before those five years? You get your contributions back, and that’s it.


8 posted on 05/03/2024 4:58:55 PM PDT by Leaning Right (The steal is real.)
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