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To: Nextrush

Why are they doing it?


6 posted on 03/27/2006 5:24:42 PM PST by TASMANIANRED (The Internet is the samizdat of liberty..)
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To: TASMANIANRED

The Education Association wants big pension fund plans with members and friendly politicians controlling the pot. They don't want members money going to the stock market directly.

They want a guaranteed benefit (monthly check like Social Security) for their members. So this contributing to 401K instead of old style pension plans bothers them big time.


7 posted on 03/27/2006 5:34:07 PM PST by Nextrush (The Chris Matthews Band: "I get high..I get high...I get high..McCain.")
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