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Teamsters pension cut
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<blockquote data-quote="Faceplanted" data-source="post: 2682707" data-attributes="member: 56697"><p>ill ask again, what would be any reason to have such a huge percentage of pension investments in high risk investments? </p><p></p><p>Oh I know!!!!trying to cover up and hide past mistakes that resulted in short comings before having to drop payouts.... but when you do they bad things can happen. Such as what did in the Great Recession.</p><p></p><p>Economics 101. </p><p></p><p>I don't trust my pension at all, these idiots have proven time and time again to not care about MY money that ups put in for ME as if it were theirs. </p><p></p><p>Pensions are Ponzi schemes just as social security is. </p><p></p><p>I should have my own personal pension account that should give a defaulted return of 1% at minimum a year as most cd accounts or bonds offer close to that as well as the option to dictate exactly where and how I want that money invested if I want to have it set up differently. Just like a 401k</p><p></p><p>I would be much happier with a simple 401k match</p><p></p><p>Instead idiots run the pensions, make side deals with people and screw over the working man.</p><p></p><p>One thing I noticed is when people get called out the easiest thing for them to do is turn into a grammar nazi, so I'm sure you'll find some more grammar errors in this reply.</p></blockquote><p></p>
[QUOTE="Faceplanted, post: 2682707, member: 56697"] ill ask again, what would be any reason to have such a huge percentage of pension investments in high risk investments? Oh I know!!!!trying to cover up and hide past mistakes that resulted in short comings before having to drop payouts.... but when you do they bad things can happen. Such as what did in the Great Recession. Economics 101. I don't trust my pension at all, these idiots have proven time and time again to not care about MY money that ups put in for ME as if it were theirs. Pensions are Ponzi schemes just as social security is. I should have my own personal pension account that should give a defaulted return of 1% at minimum a year as most cd accounts or bonds offer close to that as well as the option to dictate exactly where and how I want that money invested if I want to have it set up differently. Just like a 401k I would be much happier with a simple 401k match Instead idiots run the pensions, make side deals with people and screw over the working man. One thing I noticed is when people get called out the easiest thing for them to do is turn into a grammar nazi, so I'm sure you'll find some more grammar errors in this reply. [/QUOTE]
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