Heads up! Current retirees............

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Heads up! Current retirees............


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12-04-2014, 06:24 AM

Oerets

Senior Member

Join Date: Aug 2011

Location: Derby City U.S.A.

Posts: 8,933

No matter how well funded a plan is US law allow the company to rob the funds and file bankruptcy. Then the Government will pickup the tab, http://www.pbgc.gov/ at a reduced rate of course.

""If that occurred, the federal insurance fund that protects the retirement benefits of more than 10 million Americans in multi-employer plans could collapse.""

Barney

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