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Friday, November 6, 2009

thousands of retirees who rely on electronic pension payments have had funds involuntarily withdrawn from their accounts

Statement by UFT President Michael Mulgrew:

We have been informed that thousands of retirees who rely on electronic pension payments have had funds involuntarily withdrawn from their accounts. The city comptroller's office and the Bank of New York Mellon, who oversee the payment process, must move immediately to restore the funds and make anyone who was harmed whole. We are calling on the city and state to begin an immediate investigation into how this could have happened.


Gotta run. See if anything's left.

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