I heard they hired Bernie Madoff to take care of the underfunded pension plans
Central States Pension has been saved.
- Thread starter soberups
- Start date
Wally
BrownCafe Innovator & King of Puns
What's 86 billion dollars divided by 10.5 million?
MyTripisCut
Never bought my own handtruck
3?
I think I did the math correctly
MyTripisCut
Never bought my own handtruck
Cheater!
Wally
BrownCafe Innovator & King of Puns
What $ per person is that?
1989
Well-Known Member
Well, they did work for what they are receiving. So it’s not a lottery ticket to them.
1989
Well-Known Member
It will all be in good hands. Bernie also has plenty of time on his hands.
Wally
BrownCafe Innovator & King of Puns
The system doesn't work like that. If it does, the taxpayer will have to guarantee every single pension, IRA, and 401k out there. They all worked for it too.
like I said if I did the math correctly it looks like it's a little bit over $8,000 per person
1989
Well-Known Member
Looks like $8200 per person. That is probably a good investment. Most likely will allow people to retire, also retire before age 65 providing jobs for others. Possibly keeping those 10.5 mil people off future welfare and collecting tax revenues from them.
1989
Well-Known Member
We have welfare for IRA, 401K rejects. If this works, (if it’s enough) it should save all future pensioners. So the $8200 is for more than the 10.5 people.
El Correcto
god is dead
I’m supposed to like federal bailouts now that it was funneled into poorly run pensions?Just a friendly reminder to all of the Trump supporters in the Central States Pension Plan; every single Republican in Congress voted against pension relief. Let us all be grateful that Biden can sign this into law.
Teamsters Celebrate Passage of COVID-19 Stimulus Bill Delivering Pension Relief
(WASHINGTON) – The Teamsters are euphoric about the $1.9 trillion American Rescue Plan (ARP) clearing its final legislative hurdle in the House today, ensurinteamster.org
Pensions are a hold over from the 1800’s, back when you had marxists telling uninformed people how wonderful their communist/socialist utopia will be, promising people pie in sky social welfare. They started as an olive branch to the working class so that Marxism didn’t overthrow the government.
We later got to see how amazing the marxist utopia really was. It wasn’t. And now we are stuck with these pensions among other social welfare programs, that are outdated monolithic and failing just like the marxist states did.
If I could I would sell your
ing pension for pennies on the dollar and have it abolished.
Wally
BrownCafe Innovator & King of Puns
Wouldn't the number be in the billions per person? One billion per would be 10.5 billion. The lottery amount is 87 billion.
DriveInDriveOut
Inordinately Right
lol
1989
Well-Known Member
Nice rant....I’ve only got three words to counter your argument “the western pension”
1989
Well-Known Member
I think Gumby’s right.....about 8200 minus what the PBGC uses to administer it.
rod
Retired 22 years
$7,993 more than I've ever won in any lottery--I'll take it.
rod
Retired 22 years
Why not--those sucking off of unemployment right now because it pays more than working (and everywhere you look there are businesses begging for help) keep getting extensions.
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