BJ PENSIONS SITUATION CLEARED UP. CHECK. CHECK. CHECK.

 

BJ pension snafu solved

When BJ retirees got TWO pension checks in the same month someone in the Pension Benefit Guaranty Corporation, the federal agency that took over after the BJ owner’s bankrupt filing, was embarrassed and maybe even chastised by their superiors to a colossal screwup.

And BJ retirees were worried that, if they spent the second check that PBGC would demand its money back that was gone for food or house payments.

Thankfully, someone in the federal agency that bails out bankrupt companies used common sense.

Since BJ retirees got checks for May AND June my mistake, as the letter points out, there will be no check in June. In July, monthly checks will resume.

So everyone will get 12 monthly checks in 2020. And everyone can relax, except for the PBGC person was asleep at the wheel. His or her supervisor probably made it clear that it’s not just a 9-to-5 job but one that affects, in the BJ retirees’ case, hundreds of people.

All’s well that ends well. As long as you’re not the careless fool who created the problem.

So, spend BOTH checks but make sure you have enough money to last till your July check.