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Answer: Your withdrawals from retirement plans won’t reduce your Social Security directly.

That, along with higher faculty and staff costs, larger retirement plan contributions and more expensive healthcare, led to projections last year of a UC budget hole of roughly half a billion dollars.

Hecklers have expressed fear that the cuts will adversely affect popular government programmes like Social Security retirement plans, veterans benefits, and health insurance coverage for the poor and elderly.

This is when your employer contributes to your retirement plan up to a certain amount, which is essentially free money for your future.

Waspi campaigners have claimed women suffered financial hardship and had to rethink retirement plans.