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