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As an NYCDCC member, your hard work helps build financial security for you and your family in the form of pension benefits, annuity benefits, and savings. However, these assets can make members – especially retirees and older members –targets for exploitation, scams, and fraud. With this in mind, the Fund Office would like to share some information with you about elder financial abuse so that you may better protect your hard-earned benefits, your loved ones, and your future.
Elder financial abuse occurs when someone takes or misuses another person’s money (or assets) for their own personal benefit. One common example is online or telephone fraud, where a scammer reaches out to an individual claiming to be someone they are not.
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