PD Pension-Inaccurate Pension Statements

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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.

1 reply
  1. Brian
    Brian says:

    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!?!?!

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