[Oerets]

Originally Posted by Chicks

It just became easier for employers to dump retirees' pensions

https://www.cnn.com/2019/03/20/econo...ons-retirement



Thanks, Repubes, for yet another handout to big businesses! Retiring in two days. Will be taking the pension as an annuity, thank you very much.

I thought the check for life was great. Up until the company decide to file for bankruptcy!!!!
This after raiding the pension fund with loans never intending to pay back!
To payout in bonuses to executives it was found later.


Then after all the dust settled they buy another bigger competitor!

Send me a letter to tell me "not to worry" yes, "the government will pick up my retirement" !!!

Yes the GBPC! (Pension Benefit Guaranty Corporation)

I do get a check, just from Uncle Sam, at a new amount. Wanna guess if it was lower?

So when the wife was faced with the choice of taking a pension from her employer, or a lump sum. We took the lump sum then invested it away. Where it is just building since we have not touched it since.



Nice knowing you only have the rest of the week left.
Got the FK U attitude all ready?


You will be surprised just how fast you will get settled into the routine of nothing to do and all the day to do it.........