http://blog.corre.info/2007/10/10/dave-reichle-asks-senator-alexander-to-be-endorse-corre-requests/ --discussing pensions and benefits of Oak Ridge retired employees Sun, 20 Jul 2008 15:30:51 +0000 http://wordpress.org/?v=2.5.1 http://blog.corre.info/2007/10/10/dave-reichle-asks-senator-alexander-to-be-endorse-corre-requests/#comment-32 Robert W. Henderson Thu, 11 Oct 2007 00:47:16 +0000 http://blog.corre.info/2007/10/10/dave-reichle-asks-senator-alexander-to-be-endorse-corre-requests/#comment-32 Great letter President Dave. As a retiree, I certainly appreciate all the time and effort you put in on behalf of all Oak Ridge retirees. Some of us are getting by financially today, but we won't be after we've been retired thirty years like many of our fellow retirees, unless we get the justified adjustments. I personally resent the contractors "sweetening the pension pot" for current and future employees using monies that were put in the fund before 1985 at the expense of those persons who retired before while excluding the earlier retirees. Senator Alexander says that the principal problem is that there is a difference in opinion over whether there is sufficient surplus to grant the requests of CORRE on behalf of retirees. Clearly if no new monies are ever added to the pension fund and the contractors continue to increase the pension benefits of all existing employees and all future employees while salaries continue to increase, and it is deemed that the fund has to cover all future liabilities there won't be enough money in the fund to cover pensions for everyone forever. Duh! Was that what was expected in 1984 when the last contribution to the fund was made? What if the last contribution had been made in 1974? 1964? 1954? Is this rocket science or what? Great letter President Dave. As a retiree, I certainly appreciate all the time and effort you put in on behalf of all Oak Ridge retirees. Some of us are getting by financially today, but we won’t be after we’ve been retired thirty years like many of our fellow retirees, unless we get the justified adjustments.
I personally resent the contractors “sweetening the pension pot” for current and future employees using monies that were put in the fund before 1985 at the expense of those persons who retired before while excluding the earlier retirees.
Senator Alexander says that the principal problem is that there is a difference in opinion over whether there is sufficient surplus to grant the requests of CORRE on behalf of retirees.
Clearly if no new monies are ever added to the pension fund and the contractors continue to increase the pension benefits of all existing employees and all future employees while salaries continue to increase, and it is deemed that the fund has to cover all future liabilities there won’t be enough money in the fund to cover pensions for everyone forever. Duh!
Was that what was expected in 1984 when the last contribution to the fund was made? What if the last contribution had been made in 1974? 1964?
1954? Is this rocket science or what?

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