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Reply #54: No pensions equals a cut in wages --- Our Town has fought Police on issues . . . [View All]

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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
defendandprotect Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Nov-03-07 10:22 PM
Response to Reply #49
54. No pensions equals a cut in wages --- Our Town has fought Police on issues . . .
of pensions and health care . . . HIRING LAWYERS to forestall the contracts for years while they pressure the police unions to take less.


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  -Why pensions are dying. Rosemary2205  Nov-03-07 09:38 AM   #0 
  - Pensions can be insured.  1932   Nov-03-07 09:42 AM   #1 
  - Enroners got about 30 cents on the dollar.  Rosemary2205   Nov-03-07 09:45 AM   #4 
     - Enroners lost a ton of money in their 401(k)'s because they were forced to hold Enron stock  antigop   Nov-03-07 09:48 AM   #6 
        - That too  Rosemary2205   Nov-03-07 09:49 AM   #9 
        - ahem... from the PBGC website...  antigop   Nov-03-07 09:52 AM   #11 
           - Those with pensions over $45,614 deserve all their money too.  Rosemary2205   Nov-03-07 10:01 AM   #18 
              - How many people qualify for that type of pension? Good grief. Please educate yourself. n/t  antigop   Nov-03-07 10:03 AM   # 
                 - More than you think.  Rosemary2205   Nov-03-07 10:11 AM   #27 
                 - Massachusetts politicians and hacks qualify for that kind of pension.  Fed_Up_Grammy   Nov-03-07 09:30 PM   #50 
                    - And how many employees WHOSE PLANS ARE COVERED BY THE PBGC have pensions that high?  antigop   Nov-04-07 09:09 AM   #57 
        - that can't happen anymore  TheFarseer   Nov-03-07 10:41 AM   #36 
           - Yes, I know they changed the law, but I was only responding to the Enron situation and why  antigop   Nov-03-07 12:07 PM   #42 
              - I think I was trying to respond to the post above yours  TheFarseer   Nov-03-07 03:27 PM   #44 
  - Traditional pension plans have been phased out  baldguy   Nov-03-07 09:43 AM   #2 
  - Pensions are insured by the PBGC and if you don't make it to retirement, there are vesting rules  antigop   Nov-03-07 09:43 AM   #3 
  - Not true.  Rosemary2205   Nov-03-07 09:48 AM   #7 
     - Well, vesting rules are law....sorry, but true. n./t  antigop   Nov-03-07 09:49 AM   #10 
     - Vesting rules from the DOL website  antigop   Nov-03-07 09:59 AM   #16 
        - defined contribution plans have the same vesting rules with a few  spooky3   Nov-04-07 06:14 PM   #63 
  - The real reason pensions are dying...  antigop   Nov-03-07 09:46 AM   #5 
  - I think they are salivating over the prospect of millions of old, hungry  B Calm   Nov-03-07 11:36 AM   #40 
  - I think there *may* be some truth to that, but the real reasons are...  antigop   Nov-03-07 01:29 PM   #43 
  - The real reason pensions are dying has  Yupster   Nov-03-07 09:48 PM   #51 
  - And some terminology...401(k) plans ARE PENSIONS.  antigop   Nov-03-07 09:49 AM   #8 
  - I am in favor of Social Security and encouraging company retirement plan contributions.  Gormy Cuss   Nov-03-07 09:52 AM   #12 
  - Mandatory match  Rosemary2205   Nov-03-07 09:57 AM   #15 
     - Actually, I think the match could even exceed 100% if necessary.  Gormy Cuss   Nov-03-07 10:17 AM   #29 
        - A very good point. Thanks.  Rosemary2205   Nov-03-07 10:30 AM   #34 
  - Gawd, I'm taking a job after 4 years of blissful self-emp. cuz the pension vests in 5 years  soothsayer   Nov-03-07 09:52 AM   #13 
  - That was/is pretty much my mindset.  LiberalFighter   Nov-03-07 10:47 AM   #37 
     - Cool! Thanks for the reassurance that it's a good move.  soothsayer   Nov-04-07 09:11 AM   #58 
  - really... I don't have time to play today...please educate yourself on pensions before further  antigop   Nov-03-07 09:52 AM   #14 
  - LOL  Rosemary2205   Nov-03-07 10:00 AM   #17 
     - Good grief! Please educate yourself. I gotta go. n/t  antigop   Nov-03-07 10:02 AM   #20 
        - Gotta love General Discussion  Rosemary2205   Nov-03-07 10:03 AM   #23 
  - Social Security and Pensions were guarantees for employees to have retirement income  liberal N proud   Nov-03-07 10:01 AM   #19 
  - Should I die before my wife  Omaha Steve   Nov-03-07 10:03 AM   #21 
  - Defined benefit pensions can be "portable". The plan can have an immediate annuity instead of an  antigop   Nov-03-07 10:08 AM   #25 
  - What happens if you die before your retirement date?  Rosemary2205   Nov-03-07 10:10 AM   #26 
     - Yes even if I drop over today, Marta would get 75% of my pension for her life  Omaha Steve   Nov-03-07 10:18 AM   #30 
     - I get 100%, as the widow. I always tell Mr. Dink to stay away from the cellar steps. ;)  WinkyDink   Nov-03-07 10:30 AM   #33 
     - Excuse me but that statement is not true  LiberalFighter   Nov-04-07 11:21 AM   #59 
  - And when the little guy makes a bad decision?  fasttense   Nov-03-07 10:03 AM   #22 
  - I think Joe deserves a decent education.  Rosemary2205   Nov-03-07 10:06 AM   #24 
     - Like the few Joe's who took sub-prime mortgages and are being foreclosed on now?  fasttense   Nov-03-07 10:17 AM   #28 
        - Congress and company bosses are humans too.  Rosemary2205   Nov-03-07 10:29 AM   #32 
  - You do not understand the "social" elements of Social Security.  WinkyDink   Nov-03-07 10:28 AM   #31 
  - yep. I don't trust pensions  TimBean   Nov-03-07 10:33 AM   #35 
  - Privatizing social security is not a good idea  OzarkDem   Nov-03-07 10:57 AM   #38 
  - My only real beef with Social Security  Rosemary2205   Nov-03-07 11:20 AM   #39 
  - Employers use to use pension plans to retain older employees. Now  B Calm   Nov-03-07 11:50 AM   #41 
  - Rosemary2205 - As a pension actuary perhaps I could shed some light on union pensions.  papau   Nov-03-07 05:35 PM   #45 
  - Papau, you rock! n/t  antigop   Nov-03-07 06:02 PM   #46 
  - Thank you for taking the time to post a long, informative post!  1932   Nov-03-07 06:07 PM   #47 
  - I appreciate the history lesson but that isn't my point at all.  Rosemary2205   Nov-03-07 07:51 PM   #48 
  - Corps are selling greed & personal control as offsets to starving at retirement and lower  papau   Nov-03-07 09:23 PM   #49 
     - No pensions equals a cut in wages --- Our Town has fought Police on issues . . .  defendandprotect   Nov-03-07 10:22 PM   #54 
  - great post papau thanks!  pitohui   Nov-03-07 10:37 PM   #56 
  - Thanks :-)  papau   Nov-04-07 12:38 PM   #60 
  - I recommend your excellent response!  countryjake   Nov-04-07 05:36 PM   #62 
  - odd... my father passed 15 years ago,  salin   Nov-03-07 09:58 PM   #52 
  - Social Security is an INSURANCE program . . . not a retirement program ---  defendandprotect   Nov-03-07 10:17 PM   #53 
  - oh brother, traditional pensions ARE phased out  pitohui   Nov-03-07 10:31 PM   #55 
  - I disagree with some of your last paragraph  spooky3   Nov-04-07 06:26 PM   #64 
  - So regulate pensions so they get paid no matter what  Tactical Progressive   Nov-04-07 05:20 PM   #61 
 

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