Pensions...We all saw this coming.

[reydluap]

http://www.washingtonpost.com/busin...e5112a-7b0c-11e4-9a27-6fdbc612bff8_story.html

 

[Catatonic]

Not good

 

[VonDutch]

I wonder if congressional pensions would fall into that group.

 

[Operational needs]

I wonder if congressional pensions would fall into that group.

I'm sure you already know the answer to that. Lol.

 

[IVE GOTTA PACKAGE 4U]

Put some money into your 401k/ IRA. you never know,what can happen to your pension or social security.

 

[upschuck]

That is why I'm glad we switched to single employer pension.

 

[IVE GOTTA PACKAGE 4U]

http://www.infowars.com/government-...nfiscate-your-401k-and-ira-this-is-happening/

 

[bbsam]

There's something dreadfully wrong in a system where elected officials and business leaders get together to legally steal hundreds of millions of dollars from millions of people.

It's only illegal until they say it's not.

 

[Brownslave688]

What I thought multi employer plans were going to make this all better. What a joke.



The problem is ups paying $400 a week towards a pension and joes widgets paying $30 a week and they both get the same pension. Don't let the union make you think they are innocent.

 

[brownmonster]

What I thought multi employer plans were going to make this all better. What a joke.



The problem is ups paying $400 a week towards a pension and joes widgets paying $30 a week and they both get the same pension. Don't let the union make you think they are innocent.

False. The amount your company pays in effects the amount you collect.

 

[IVE GOTTA PACKAGE 4U]

False.The amount your company pays in effects the amount you collect.

We are only getting a quarter,on the dollar. Brownslave,Isn't too far off. Unfortunately.

 

[brownmonster]

Why do pension plans keep blaming the stock market crash? I've made a fortune since 2000 and 2009 and I don't have a clue.

 

[IVE GOTTA PACKAGE 4U]

Why do pension plans keep blaming the stock market crash? I've made a fortune since 2000 and 2009 and I don't have a clue.

Piss poor management. Dirty hands???

 

[brownmonster]

We have a truly solvent plan as a backup. Social Security.

 

[IVE GOTTA PACKAGE 4U]

We have a truly solvent plan as a backup. Social Security.

The new 70 and out. not age,years of service.

 

[Brownslave688]

Why do pension plans keep blaming the stock market crash? I've made a fortune since 2000 and 2009 and I don't have a clue.

The only thing I will give them is while you and me can decide not to
Withdraw during the downturns they can't. Pension monies keeps coming out.

However downfalls always happen and this should be in the plan.

 

[Brownslave688]

The new 70 and out. not age,years of service.

It's stupid give me my SS money back
And all the money that goes towards my pension and I'll retire a millionaire many times over.

Instead I'd have to be Moses to live long enough to see all that money.

 

[Disgruntled employee]

Damn. I just retired 6 months ago. If they do this than I have to go back to work. I don't want to go back to work.

 

[UpstateNYUPSer(Ret)]

The problem is ups paying $400 a week towards a pension and joes widgets paying $30 a week and they both get the same pension. Don't let the union make you think they are innocent.

False. The amount your company pays in effects the amount you collect.

BM is right. Ours is a multi-employer plan and pension amounts depend upon contribution rates.

I would love to see the Company take over our pension plan.

 

[oldngray]

UPS pretty much did take over the pension plan (from Central States at least). UPS will guarantee pensions until you are 65 when it reverts to the Teamsters and after that if it defaults it would be backed as an ERISA plan with possible huge pension decreases.