Originally Posted by 1234

Hey Carl,

First, thanks for the reply. I do have a question though. You said that your retirement went from 60% FAE to 50% FAE however you reduced your monthly retirement by 50%. In reality, shouldn't it be something more like this:
Assume your FAE is $33,000/mo
Your FAE at 60% would be $19,800/mo
Since it was reduced to 50% FAE shouldn't your pension pay out $16,500/mo?

It was my understanding that we froze the pension at the amount it was at at the time of freezing and therefore, whatever you had earned is what you were to get. I don't remember reading that we not only froze the pension but also cut the value of it by 50%. Is that true?

Thanks,