Over70irregs
Well-Known Member
Big $ shift upcoming next 7-8 yearsMaybe a year? Boomers are notoriously bad with money.
Big $ shift upcoming next 7-8 yearsMaybe a year? Boomers are notoriously bad with money.
Put the pension money on executive pay if I remember correctly.What about hostess?
They went bankrupt and owed many pension funds a lot of money
Craigslist got paid first pension plans got paid lastPut the pension money on executive pay if I remember correctly.
What about hostess?
They went bankrupt and owed many pension funds a lot of money
And that is what happened. Central States went broke under the control of Uncle Sam and now Uncle Sam has done the right thing and reimbursed it-----like they should have all along without a YEARS long battle.So that op-ed claims anyway haha. The point is, anyone who defrauds us of our money -- retirees and active employees alike -- must be held accountable.
The big wigs got multi million dollar golden parachutes.Put the pension money on executive pay if I remember correctly.
lolNow, thanks to the Government, everyone still gets a pension and the hard choices do not have to be made.
No. You invite the government into your private pension and it becomes theirs at any time.You would be ok with it if you were under central states.
Well there is that, but it’s better than having nothing. When I hit 65 half of what I receive now comes from CS.No. You invite the government into your private pension and it becomes theirs at any time.
When I hit 65 half of what I receive now comes from CS.
Next year?Well there is that, but it’s better than having nothing. When I hit 65 half of what I receive now comes from CS.
8 more.Next year?
Good ol days…..The big wigs got multi million dollar golden parachutes.
My multi employer pension is working.That was the benefit of a multi-employer pension fund, at one point. If a company went belly up, there were more than enough other companies still paying into the fund to absorb the loss. This was because an employee only received a portion of the money paid into the fund on their behalf by their employer. The other portion covered the loss of bankrupt companies no longer paying into the fund but still had retirees collecting a pension.
The problem is that too many companies went bankrupt. There are not enough companies paying into the fund. If there is enough money in the fund, everyone still gets a pension.
The problem is that there is not enough money in the fund. So cuts have to be made. Is it fair to keep paying a retiree, whose company went bankrupt and is no longer paying into the fund, a pension, and then force a cut to other retirees, whose company is still paying into the fund?
A multi-employer pension fund only works when there are numerous employers paying into the fund. They do not work today.
Now, thanks to the Government, everyone still gets a pension and the hard choices do not have to be made.
My multi employer pension is working.
Why is that, what makes your fund different from Central States?My multi employer pension is working.
Sounds like they didn't do business with deadbeats.Why is that, what makes your fund different from Central States?
I would assume because we also have part timers in our fund and more diversified when it comes to the different crafts that participate in our pension.Why is that, what makes your fund different from Central States?
Oh and we can't forget. Because the west is just naturally better.