Your Union has been lying to you your entire career
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Looking good Boobs!!1TierbsHsotBoobs said:
I sign my entire paycheck over to Bleenor to invest.2001400ex said:
Do you know the difference between a pension plan and a 401(k)?greenblood said:This is why I hate relying solely on a pension plan. Invest whatever the company will match (free money) then invest everything else yourself.
While I completely agree a company or Union pension shouldn't be your only retirement. If you are putting into a 401(k), it's fine to put more than the match into those, as long as it's an ERISA plan that is audited. Those funds are required to be deposited into the investments you direct.
I'll be fine.
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Looks like since 2014 there has been an amazing dollar cost average opportunity.
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Some retirees and other supporters have rallied behind a bill introduced by Democratic presidential candidate Bernie Sanders (Vt.) that would repeal the measure allowing the cuts, calling instead for the government to provide assistance to troubled pension funds.
I get a kick out of the anti-Wall-Street-bailout candidate introducing a bill that would bail out these pension plans. -
This really sucks for a lot people
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oh well... Your fault for trustin us.
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The pensions are too big to failGreenRiverGatorz said:Some retirees and other supporters have rallied behind a bill introduced by Democratic presidential candidate Bernie Sanders (Vt.) that would repeal the measure allowing the cuts, calling instead for the government to provide assistance to troubled pension funds.
I get a kick out of the anti-Wall-Street-bailout candidate introducing a bill that would bail out these pension plans. -
Obviously the formulas that these funds use to dictate what should be collected and what should be paid out to retirees is out of whack. If they are gonna reduce pension payouts, they should look at increasing the pay-ins from the companies that fund them as well.
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But why is Social Security in turmoil?salemcoog said:Obviously the formulas that these funds use to dictate what should be collected and what should be paid out to retirees is out of whack. If they are gonna reduce pension payouts, they should look at increasing the pay-ins from the companies that fund them as well.
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Just out of curiosity, anyone know how what the typical pay in coming in is?
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Reading past the headline:
That imbalance left the fund paying out $3.46 in pension benefits for every $1 it received from employers. The shortfall has resulted in the fund paying out $2 billion more in benefits than it receives in employer contributions each year.
