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<blockquote data-quote="wkmac" data-source="post: 54372"><p>I can understand your position and with 24 FT years myself I as well have a lot vested but under the current CS rules you and I can't leave till at leave age 57 and to get the max. benefit with the least payout for insurance it won't be till age 62'. You hold out hope that the system is salvageble and it may be under certain scenarios but I don't believe it is. I truly believe when a large bulk of baby boomers start hitting this fund combined with the demographics of a real shrinking support base it will collapse.</p><p></p><p>I see the fund as dead now, it's just the doctor has yet to signify the time and sign the death certificate. Letting the company and or union off the hook has nothing to do with it because they will get off the hook and we'll be left with absolutely nothing. If I have to work another 13 to 14 years which is the way it looks at present I'd rather work with a system I have much greater control over than the current one. </p><p></p><p>I hope I'm wrong and things turn around or at least stabilize and the fund remains fluid but I'm just not that hopeful as you are. Faced with what I believe then the smart alternative would be to get out of the burning house as it's coming to the ground and start planning and working towards building another but using different methods in order to not have the same fire again. JMO.</p><p></p><p></p><p></p><p>I don't know either. Haven't seen him in a while myself. Hope he's just to busy enjoying retirement. I was talking to some folks at work the other day about him and asking if anyone has heard how he's doing. If I hear I'll let you know.</p><p></p><p>Sorry to be a little late responding to you guys but Dennis was a lot of fun. We ended up with a couple of inches of water in our basement so I was dealing with that the last couple of days. Based on my neighbor's rain collector from Saturday evening till yesterday morning we got almost 11 inches of rain with over 6 inches coming from late Sunday night to Monday morning. I just hope Emily goes to Mexico but looking at the projected path I don't think that is gonna happen. At least this time I've got a sump pump installed so the water in the basement won't present a problem.</p></blockquote><p></p>
[QUOTE="wkmac, post: 54372"] I can understand your position and with 24 FT years myself I as well have a lot vested but under the current CS rules you and I can't leave till at leave age 57 and to get the max. benefit with the least payout for insurance it won't be till age 62'. You hold out hope that the system is salvageble and it may be under certain scenarios but I don't believe it is. I truly believe when a large bulk of baby boomers start hitting this fund combined with the demographics of a real shrinking support base it will collapse. I see the fund as dead now, it's just the doctor has yet to signify the time and sign the death certificate. Letting the company and or union off the hook has nothing to do with it because they will get off the hook and we'll be left with absolutely nothing. If I have to work another 13 to 14 years which is the way it looks at present I'd rather work with a system I have much greater control over than the current one. I hope I'm wrong and things turn around or at least stabilize and the fund remains fluid but I'm just not that hopeful as you are. Faced with what I believe then the smart alternative would be to get out of the burning house as it's coming to the ground and start planning and working towards building another but using different methods in order to not have the same fire again. JMO. I don't know either. Haven't seen him in a while myself. Hope he's just to busy enjoying retirement. I was talking to some folks at work the other day about him and asking if anyone has heard how he's doing. If I hear I'll let you know. Sorry to be a little late responding to you guys but Dennis was a lot of fun. We ended up with a couple of inches of water in our basement so I was dealing with that the last couple of days. Based on my neighbor's rain collector from Saturday evening till yesterday morning we got almost 11 inches of rain with over 6 inches coming from late Sunday night to Monday morning. I just hope Emily goes to Mexico but looking at the projected path I don't think that is gonna happen. At least this time I've got a sump pump installed so the water in the basement won't present a problem. [/QUOTE]
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