Can my pension be taken away?
No. A pension is a contract, and there are many legal protections when it comes to alterations to that contract. If there are changes to the benefits or design of the system, for the most part, these changes would affect future employees. This is not to say there can’t be any changes, but there are many protections in place.
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It's not exactly a secret that he keeps his pension. Remember - it's contributory the state only matches 6%. Thanks to conservative investing it's one of the most fully funded state government pensions in the country.
Tom
From the treasurers webpage:
https://www.nctreasurer.com/Retirement-and-Savings/Pages/Frequently-Aske...
Can my pension be taken away?
No. A pension is a contract, and there are many legal protections when it comes to alterations to that contract. If there are changes to the benefits or design of the system, for the most part, these changes would affect future employees. This is not to say there can’t be any changes, but there are many protections in place.
****************************************
It's not exactly a secret that he keeps his pension. Remember - it's contributory the state only matches 6%. Thanks to conservative investing it's one of the most fully funded state government pensions in the country.
Vog