Quote Originally Posted by Wesley Mouch View Post
Agreed. I'm be careful about exactly what 'accrued' means. My uninformed guess is that your pension isn't an 'accured' benefit until you are 'vested'. But I know that I don't know.

But regardless, those who are not yet vested in their pensions may be the losers here. Maybe they can go after their pension trustees for their past practice of paying out extra money to retirees. That really seems like a dirty trick.

Me, I actually have inherited money in my pocked from a GRS retiree who got a windfall years ago. Good for me. Bad for future retirees. Trustworthy trustees would have been a good idea. Take that all you who want to blame Wall Street. You can really blame me. I got the cash.
No, accruals and vesting are totally different. You start accruing benefits as soon as you enter a plan, even if you might not vest in the accruals until years later.