PD Pension-Inaccurate Pension Statements
For those of you who have followed my blog for awhile know I like to post about the accuracy of FD/PD pension estimates. Well, this is yet another post/video about the NYCPPF providing inaccurate pension estimates to its members. Since these revised pension statements have been issued, I now have zero confidence in their accuracy.
In January 2018, the NYCPPF awarded the contract to upgrade their pension software systems, etc. to a company called Vitech Systems Group, Inc. The contract has a value of $37.5 million dollars. More than likely it will cost more than that.
Very disheartening but not surprised.
Hopefully when the actuary and comptrollers office do their part for the finalization process all errors will be caught and corrected!?!?!