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To: anniegetyourgun
Just think what her deceased husband could have done with his hard-earned income over his decades of work if he had been able to take those SS taxes and invest them in the company pension plan

Company plan or a competing 'pension bank'. Companies have been known to skim off retirement accounts, imagine competing pension banks whose interest is in..well.. higher interest for accounts.

22 posted on 10/26/2003 6:09:41 PM PST by GeronL (Please visit www.geocities.com/geronl)
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To: GeronL
While there are those exceptions of fraud and theft in the company pension plans (and even more examples of union pension absconding), it's not been the norm. I think it will be less so with the changes the prez stumped for and got passed congress in last session.

But, the bottom line that we agree on = SS is a BAD investment.

23 posted on 10/27/2003 6:42:09 AM PST by anniegetyourgun
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