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Reply #1: I have read that some people with pensions ended up with no pensions [View All]

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FloridaPat Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-06-05 11:36 AM
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1. I have read that some people with pensions ended up with no pensions
because of SS. Companies seem to think they are allowed to get their share of the money back and they use pensions to do it. This affects the lower incomes then the higher ones. Anyway, this one company I read about ended up taking all the pension away because of the math they were using. Pensions are big bucks just sitting there. Several companies have bought annuities and taken the money and run. US Steel pension plan went under a couple of years ago. The pension insurance is broke. Corporations want all that money. Keep track of your pension as you work.
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