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benz380

(534 posts)
38. That's what my company did
Wed Dec 10, 2014, 11:08 AM
Dec 2014

They killed our pensions and gave our share back. We had a choice of check (30% taxed), transfer to our 401K, or have it put into a trust fund of THEIR choosing. Senior employees were hurt the most. I would never have come to work here if I knew this was going to happen. Now I'm too old to leave.

Simple solution: Nationalize retirement, keep it solvent, expand social security. NYC_SKP Dec 2014 #1
I'm not Omaha Steve, but I can answer... antigop Dec 2014 #13
I agree!!!! LeftInTX Dec 2014 #2
Not to worry, Obama still has veto power Fumesucker Dec 2014 #3
Bwahahahahahahahahaha! nichomachus Dec 2014 #5
I suspect they put this in the spending bill that has to be signed in 48 hours or the government jwirr Dec 2014 #18
Correct. I saw an article today saying the budget deal benefits Republicans... riversedge Dec 2014 #31
Time to start a pool Doctor_J Dec 2014 #4
I am sorry to say, my guess would be no time soon. merrily Dec 2014 #26
When Americans can no longer get a new iWhatever. CrispyQ Dec 2014 #45
To many pension plans were burned by Wellstone ruled Dec 2014 #6
A thinking person would have to ask what the quid pro quo for the judge truedelphi Dec 2014 #43
And a judge has gone back and forth - already agreed w/ the City of Stockton Calif. that it truedelphi Dec 2014 #7
I have been retired for 4 years now and have a defined benifit plan. Every year doc03 Dec 2014 #8
PBGC already has the power to cut pensions Omaha Steve Dec 2014 #9
Im know the PBGC has cut some benfits that are above their limits doc03 Dec 2014 #10
From their FAQ kwijybo Dec 2014 #12
Good lord! Theft. How on earth can they do that? Ed Suspicious Dec 2014 #17
Heck, kwijybo Dec 2014 #23
My father-in-law worked for a company for the last 33 years. He'll be accessing his pension in the Ed Suspicious Dec 2014 #33
We went on stike in 1995 for 10 1/2 months in order to get a doc03 Dec 2014 #44
That Teamsters pension fund; office based in Rosemont has had numerous troubles lunasun Dec 2014 #11
This is our tax breaks at work ... aggiesal Dec 2014 #14
this is bullshit....if they can bail out the banks, they can bail out pension funds. antigop Dec 2014 #15
Exactly. Nt abelenkpe Dec 2014 #20
Absolutely. I Suppose Each Individual LarryNM Dec 2014 #22
Well, no. See the banks were deserving. "Workers", not so much. Enthusiast Dec 2014 #24
its not the same Amishman Dec 2014 #42
This is one of the most despicable... ReRe Dec 2014 #16
I have a feeling they are not done yet. They will get social security. Enthusiast Dec 2014 #25
You know... ReRe Dec 2014 #34
Yep. Ol' GHWB warned us he was creating a New World Order. I like the old one better. Enthusiast Dec 2014 #39
Well, I like the Old Order ReRe Dec 2014 #40
As long as they give the money the worker yeoman6987 Dec 2014 #29
I thought... ReRe Dec 2014 #35
That's what my company did benz380 Dec 2014 #38
What exactly would that mean? Hopefully they will get something! my morning pages Dec 2014 #19
Pensions are deferred compensation. Diremoon Dec 2014 #21
I wish I could remember who posted about a "bail in" that seems to be coming down the pike. merrily Dec 2014 #27
Here you go... from marmar one week ago... ReRe Dec 2014 #36
Thank you so much. This time I'll bookmark! merrily Dec 2014 #37
The need for lube and bending over has passed. SamKnause Dec 2014 #28
and this is before the GOP takes over the Senate. We cannot blame all our woes on liberal_at_heart Dec 2014 #30
But but GummyBearz Dec 2014 #41
"Supporters said it was part of an effort to prevent a slow-motion collapse of a system..." Brickbat Dec 2014 #32
Beyond sickening to sacrifice and defer compensation only to get hosed. TheKentuckian Dec 2014 #46
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