The Pension

Posted by JJinPhila on April 7, 2009 

In an appropriate analogy, Mr. Gricar’s pension is the flip side of the coin to the last entry on his assets.  Mr. Gricar, who is legally alive, but missing, is eligible to collect his pension, even today.  He also could have left on April 15, 2005, and still claimed it, possibly though mail or by the action of his attorney.  His legal representative, his daughter, who was appointed his guardian, could apply for it for him and collect it for him.  Mr. Gricar’s pension remains unclaimed, so far as what I’ve heard.

            A source familiar with the pension issue described it as being fairly close to his average annual salary over the last three years.  That would put the base at something slightly above $120,000.  A default I’ve seen online would about 70%. 

Let’s assume 70% is the number, for the sake of argument; let’s also assume that Mr. Gricar is out there living off some assets.  Those are both hypothetical.  That would be about $84,000.  That would be taxed; Mr. Gricar might be netting about $66,000.  Of course, he hasn’t claimed it, so he doesn’t pay taxes on it.  He doesn’t get the $66,000, either.  It has been over three years since Mr. Gricar could have claimed the pension; he’d get the $66,000 each year.  By not claiming it, Mr. Gricar has had to forgo, so far, over $210,000.  Does he have enough assets to offset this; in other words, for Mr. Gricar to have made money on this (other than selling the book rights), so far he’d have to have $210,000 in assets.  And, it is quite possible that Mr. Gricar’s pension would be higher. 

That is just to date.  As indicated, legally, Mr. Gricar is alive, and there have been no reports or suggestions that his daughter has moved to declare him dead.  While not a hard and fast rule, it is usual to wait seven years until a missing person is declared dead.  If Mr. Gricar’s next of kin, and the courts, wait that seven year period, Mr. Gricar would need about $410,000 in assets just to break even.  This is just to make up for just what he had to forgo as a pension.  Are there that many “unaccounted for assets” out there? 

While I think that there are potentially "unaccounted for assets" more than $410,000 seem very high.  Further, would going through this presumed elaborate plan be worth it unless there was a lot more than $410,000?

To go back to the original point, legally, Mr. Gricar is alive.  His daughter can apply for his pension on his behalf, and put it in his accounts, but hasn’t.  Even if they are “in cahoots,” he still can’t get that pension, because she hasn’t applied for it. 

This piece of evidence points to Mr. Gricar being dead, either by murder or suicide.  It is the sole piece of evidence that does not, however, point to Mr. Gricar’s voluntarily disappearing.

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