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The future benefits are potentially even greater.
The only answer is to cut future benefits.
So the plan is to avoid cuts in future benefits by committing right now to... cuts in future benefits.
Your future benefits would be cut by the amount that's diverted into the stock market.
For example, $3 billion was owed to pensioners for future benefits.
Also, Calpers agreed to increase future benefits to those officers by $200 million.
As penalty, the department said Mr. Bothe would lose 104 days of future benefits.
The excess revenue goes into a trust fund out of which future benefits can be paid.
"In effect, we would be showing the connection between learning, business and future benefits.
It will repay £2m of profit on the contract and forego any future benefits.
But that ignores the cost of the promise of future benefits to those still in work.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com