US. What happens when your pension fund runs out of money
Now, they’re thinking about selling their home and skipping their annual trip to Maine. They’ve already dipped into their savings.
This is not the retirement they planned for. After working for 30 years as a truck driver for UPS, Van Alstyne was promised $5,141 a month by the The New York State Teamsters Conference Pension and Retirement Fund.
“I hated the job from day one, but I stayed with it because I was promised a secure pension,” said Van Alstyne, now 64.
Read More: CNN
