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Surrending CS Pension?
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<blockquote data-quote="wkmac" data-source="post: 72568" data-attributes="member: 2189"><p>As for the PGBC not being paid proper level premiums, from what I've seen that is a very true statement more than people realize. Several months ago and sorry I don't remember specifically who did the piece but a media outlet did a cover of this very issue and they found over the many, many years that corps. via their lobbyists got breaks from the Congress and PGBC on the amount of premiums paid. From what I saw, the rooster has come home to roost and the current Washington leadeship allowed much to happened but what they did was not anything new but rather the same ole', same ole' that has gone on for years and years. If gov't is going to play insurance company which is obviously the case, then at least like any good insurance company. set the rules such as making sure companies do in fact place funds aside for proper future coverage, judge the risk and charge premiums based on that risk and also adjust premiums across the board to maintain proper levels. </p><p></p><p>I'm against gov't from doing this but at least do it right if you are. Corporations run PGBC and in the end we'll place our faith there only to be heart broken when the time comes that it's needed. JMO.</p></blockquote><p></p>
[QUOTE="wkmac, post: 72568, member: 2189"] As for the PGBC not being paid proper level premiums, from what I've seen that is a very true statement more than people realize. Several months ago and sorry I don't remember specifically who did the piece but a media outlet did a cover of this very issue and they found over the many, many years that corps. via their lobbyists got breaks from the Congress and PGBC on the amount of premiums paid. From what I saw, the rooster has come home to roost and the current Washington leadeship allowed much to happened but what they did was not anything new but rather the same ole', same ole' that has gone on for years and years. If gov't is going to play insurance company which is obviously the case, then at least like any good insurance company. set the rules such as making sure companies do in fact place funds aside for proper future coverage, judge the risk and charge premiums based on that risk and also adjust premiums across the board to maintain proper levels. I'm against gov't from doing this but at least do it right if you are. Corporations run PGBC and in the end we'll place our faith there only to be heart broken when the time comes that it's needed. JMO. [/QUOTE]
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