They need to change the rules on that.When pensions were overfunded the government allowed companies to skim off the excess but when they later ended up underfunded the employees got screwed.
They need to change the rules on that.When pensions were overfunded the government allowed companies to skim off the excess but when they later ended up underfunded the employees got screwed.
I swear it's like the government wants these things to fail.The bonus payment is a smart option.
Pension funds can not be overfunded because if they are the company can suspend contributions.
Just like when our fund was starting to decline They wasn't allowed to make any cuts because it didn't decline steep enough.I swear it's like the government wants these things to fail.
There is no contract language for the COLA increase. Our pension fund is very well managed and the board is looking at ways to share it with those of us retired. The bonus this year is just a start.Post shareable language when and if it happens.
I have some people that need to see it.
I swear it's like the government wants these things to fail.
The government and companies are holding hands on this.Just like when our fund was starting to decline They wasn't allowed to make any cuts because it didn't decline steep enough.
ThanksThere is no contract language for the COLA increase. Our pension fund is very well managed and the board is looking at ways to share it with those of us retired. The bonus this year is just a start.
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I guess we are the dinosaursThe government and companies are holding hands on this.
No more pension plan is the plan.
Everyone is 401K. 30 years at the same place is yesterday.
Well they're going to start offering annuities in 401ks, so if people want to choose an investment option that's as terrible as pensions they'll get that opportunity I guess.I guess we are the dinosaurs
Annuities are horrible ideaWell they're going to start offering annuities in 401ks, so if people want to choose an investment option that's as terrible as pensions they'll get that opportunity I guess.
The people who are close to retirement and can't easily switch plans are the ones left in the cold. Unless companies transfer their accrued pension credits into individual retirement accounts (ROFL).Well they're going to start offering annuities in 401ks, so if people want to choose an investment option that's as terrible as pensions they'll get that opportunity I guess.
Only insurance salesmen like annuities.Annuities are horrible idea
They do not have to follow the same rules as mutual funds and pension plans and the fees are ridiculous
The sales charges are ridiculous some of them are over 15%Only insurance salesmen like annuities.
I'm an old T-Rex, but I still have all my teeth.I guess we are the dinosaurs
I still have my knees and ankles I'm thankful for thatI'm an old T-Rex, but I still have all my teeth.