Hundreds of new California retirees aren’t getting their pension checks from UC system
Hundreds of newly retired University of California employees aren’t getting their pensions and they don’t know when they’ll start receiving their checks. The UC Retirement Administration Service Center acknowledged the delay in a July 27 email to pensioners in which it said some new retirees wouldn’t receive their first retirement payment as expected on July 30. Instead, the office would let retirees know by Aug. 16 when they can expect to receive their payment… “With any government agency or any private company in history, this would be taken as something that was extremely serious, because it’s a sign of very deep distress,” Cox said. “What if the United States government said, ‘well, you know, something went wrong, we can’t pay you your Social Security.’ Who in the world does that?”
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by Katherine Swartz, The Sacramento Bee.