Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: 2banana

There are people who are getting well and truly cranked by pension fund defaults, and they won't be getting millions from any victim compensation funds.


4 posted on 10/10/2005 5:30:15 AM PDT by Wolfie
[ Post Reply | Private Reply | To 3 | View Replies ]


To: Wolfie
There are people who are getting well and truly cranked by pension fund defaults, and they won't be getting millions from any victim compensation funds.

I'm trying to remember the exact numbers I read once, but IIRC, in order to get a percentage of the pension promised employees (from the government "bail out"), they have to work until 65, otherwise they forfeit all pension payments. However, I belive that airline pilots are required to retire at 60 by the FAA, and as such, they completely lose their pension benefits, once the government takes over.

Mark

10 posted on 10/10/2005 7:31:20 AM PDT by MarkL (I didn't get to where I am today by worrying about what I'd feel like tomorrow!)
[ Post Reply | Private Reply | To 4 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson