Monday, December 14, 2009
Thursday, December 10, 2009
Monday, December 7, 2009
Sunday, December 6, 2009
Some 64,000 retirees, including 53,000 UFT retirees, who rely on electronic pension payments had funds involuntarily withdrawn from their accounts on Nov. 6, causing all sorts of grief for those counting on the money. The Bank of New York Mellon, which is the transferring agent for the funds, erroneously reversed the October benefits payments to retirees paid through electronic fund transfer. The total came to almost $189 million, according to the City Comptroller’s Office.
And this is why I take my checks in paper form.