David Kazansky's Pension Page

Summer is a great time to get some sun and get answers about your pension.

That's why I’m offering four free online pension workshops this July and August:

July 8: The Truth About Tier 6
July 21: Making the Most of Your TDA
August 6: Understanding Tier 4
August 25: Can I Retire Yet?

These workshops are designed primarily for in-service members of the New York City Teachers’ Retirement System who have not yet retired, but everyone is welcome to attend.

All workshops begin at 7:00 p.m. and will provide clear, practical information without the jargon.

You can select any and all of the workshops using the link below or the QR code on the flyer to register, and please share it with coworkers who may find the sessions helpful.

>> https://linktr.ee/davidkaznyc

Episode 2: What Happens When Retirement Lasts 30, 40 or 50 Years? Americans are living longer than ever before...but are we prepared ...

Today at 5PM!

Last chance to register!

https://us06web.zoom.us/meeting/register/WhW7s8P2R6Cz_zi1ADn40w

This is the question every working American should be asking. And the answer is going to make you mad.

The 2026 Social Security Trustees Report just dropped this week. The retirement fund now hits insolvency in 2032. That's one year sooner than last year's projection. Six years away.

Here's what "insolvency" actually means because Washington loves to make this sound complicated.

Your money doesn't disappear. Social Security will still collect payroll taxes and still pay out benefits. But when the trust fund reserves run dry, they can only pay out what's coming in. And what's coming in isn't enough.

The result? A 22% across the board cut to every single benefit check. Automatically. Unless Congress acts.

Now here's the part that should make your blood boil.

You've been paying into this system your entire working life. Every paycheck. No choice. That money went in, it paid current retirees, and the promise was that future workers would do the same for you.

That's how it's always worked. Except now the math doesn't work anymore. Fewer workers. More retirees. Lower birth rates. Less immigration. The whole equation shifted.

Over the next decade Social Security will spend $3.8 TRILLION more than it collects. And policymakers from both parties have known about this for decades.

They just keep kicking the can.

If you're in your 40s or 50s right now, this is YOUR retirement we're talking about. Plan like the 22% cut is coming. Hope Congress proves you wrong.

Join me on Tuesday at 5PM for my workshop on the changes to Tier 6 and how they may - or may not - affect YOU!!

Tier 6 Just Changed! Here’s What Every In-Service TRS Member Needs to Know. Something significant happened to Tier 6 — and if you’re still working, it affects you directly.

Is it illogical to argue that heating buildings to a safe temperature is a basic right but cooling them is an affectation?

Tim Harford tries to take the heat out of the argument: https://ft.trib.al/45ETTqi