Posted on 03/11/2015 8:23:57 PM PDT by Olog-hai
A new federal study says many workers in employer-funded pension plans that fail could see their benefits reduced under the current system of government support.
The study was released Wednesday by the Pension Benefit Guarantee Corp., the federal agency that insures pensions for about 41 million Americans. It found that about half of employers in so-called multi-employer pension plans that fail in the near future will receive reduced payouts. …
(Excerpt) Read more at hosted.ap.org ...
I bet Elizabeth Warren thinks that's a swell idea.
Should be illegal.......except for Illinois.
She probably genuinely does.
More than liberal has told me with a straight face that the government is giving us something if it does NOT tax us.
Absolutely. Any tax cut that affects the rich is always described as “giving” millions of dollars to rich people.
“in so-called multi-employer pension plans “
Union plans.
The Mob has been hit hard by the Obama economy too.
The government wants control (and the funds from) all of those pension plans, public and private. They’ll start with the pensions, then the IRA’s, then the 401k’s, and finally all of the other retirement savings instruments.
One thing that the dems and the GOP can both agree on, is on flushing contract law and negotiated agreements down the drain for personal and government financial gain.
“I bet Elizabeth Warren thinks that’s a swell idea.”
And her “Needs!” include a $6.5 million dollar dacha.. err... I mean mansion, right?
Take the lump sum payout at retirement.
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