© 2024 Pension Rights Center. This work is licensed under a Creative Commons Attribution-Non Commercial 2.5 Generic License.
I just attened a bricklayers pension rescue plan meeting. The plan is broken down to a 49% no cut at all, 18% at 10% or less, 8% at less than 30% and finally 25% at 30.1% or more. My case, because of my 41 years of contributions and age, will get hit the hardest at 61% cut. It will go up for vote amongst all members that are active and retired. A blank vote or non-returned ballot is a yes vote for the plan. I cannot go back to my craft because my body is too worn out to do it anymore. I am really having a hard time seeing this fair. Like a few of us taking care of the rest, how could this plan not pass with the majority of it not being overly affected? I feel singled out with my whole career negotiating pension promises down the drain. Taking a $2250 a month cut is going to destroy us.
< Back
