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Memories From The '97' Strike........
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<blockquote data-quote="CharleyHustle" data-source="post: 1024805" data-attributes="member: 26998"><p>You didn't sell, or have to sell. Pension funds like CSPF with both employers and employees with companies contributing on their behalf declining, there was less money coming into the fund. However they still have to make payments to current beneficiaries who are retired. Funds that are in trouble most likely bought investments high and had to sell low to pay current retirees.</p></blockquote><p></p>
[QUOTE="CharleyHustle, post: 1024805, member: 26998"] You didn't sell, or have to sell. Pension funds like CSPF with both employers and employees with companies contributing on their behalf declining, there was less money coming into the fund. However they still have to make payments to current beneficiaries who are retired. Funds that are in trouble most likely bought investments high and had to sell low to pay current retirees. [/QUOTE]
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Memories From The '97' Strike........
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