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In reply to the discussion: I gotta rant on the pension cuts in the funding bill, it made my 77 year old mom cry! [View all]Zorra
(27,670 posts)102. Did Congress stipulate that this change ONLY applied to multi-employer plans?
It appears that it changed ERISA to allow change to multi-employer plans, but that there is no guarantee that it will be specific to multi-employer plans. This appears to leave the back door open for putting single employer plans open to the same cuts later on.
The language we are reading in this bill is weasel speak.
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I gotta rant on the pension cuts in the funding bill, it made my 77 year old mom cry! [View all]
Dustlawyer
Dec 2014
OP
some have a hard time of thinking past their immediate,foremost concern to the consequences
belzabubba333
Dec 2014
#78
real question: why the hell would they? most movement Dems won't risk having a Pub win,
MisterP
Dec 2014
#99
oh, there *are* plenty of liberal Dems in Congress, but the leadership is all bankster
MisterP
Dec 2014
#103
Thanks! Bernie has made getting rid of campaign contributions his number 1 issue!
Dustlawyer
Dec 2014
#19
Yes, everyone has to get involved. And I am for boycotts and strikes, don't buy their stuff
sabrina 1
Dec 2014
#20
I am afraid you are right. The Plutocrats have been very adept at getting us to blame each other
Dustlawyer
Dec 2014
#23
Yes, it will get worse. Unless the people WAKE UP and stop protecting whichever team
sabrina 1
Dec 2014
#132
No fan of the thirdway "stir-the-economy now" and "sacrifice the future" types either.
Baitball Blogger
Dec 2014
#30
Here's a better explanation: they stole it. Like they're going to steal SS and everything
NewDeal_Dem
Dec 2014
#11
Who stole it? The union run pension plan? I am particularly asking about the Central Teamsters. nt
kelly1mm
Dec 2014
#109
This sub-thread is about the recent multi-employer, union run pension plan changes
kelly1mm
Dec 2014
#135
So, who should pay? The crime bosses? The "federal court" that supervises the fund?
kelly1mm
Dec 2014
#139
no, you just have to worry about your 401k tanking for various reasons. unless
NewDeal_Dem
Dec 2014
#142
With the employer match of 125% of contributions, the ability to put some/all in safe investments,
kelly1mm
Dec 2014
#144
When I tell that story, I like to add: "Guess who are the Republicans and who are the Democrats in
rhett o rick
Dec 2014
#77
Funny you should mention Enron. Honest, I have another friend that worked for
rhett o rick
Dec 2014
#128
I don't know about Bethlehem but I worked at Wheeling Pittsburgh Steel. In 2003 we went to a
doc03
Dec 2014
#104
"not enough monies coming into" < That's a lie. The money was being siphoned off by thieves in
jtuck004
Dec 2014
#46
They better hope they never come accross my mom, she is one tough cookie and would really
Dustlawyer
Dec 2014
#63
The government should bail out the retirement funds and tax the shit out of the wealthy-assed
rhett o rick
Dec 2014
#129
Sam, there's nothing too strange to imagine now that republicans will have the majority.
pacalo
Dec 2014
#27
The main reason for the ginormous pension reserve is to make it look like the PO is drowning
Doremus
Dec 2014
#95
I brought this up not because it is personal and really pissed me off, but because it is so
Dustlawyer
Dec 2014
#21
This bill will encourage companies to take more risk knowing they can use the pensions
liberal_at_heart
Dec 2014
#16
SAME EXACT BETHLEHEM STEEL STORY HERE! Pension "Guaranty" HAHAHA! Corps totally messed her up!
WinkyDink
Dec 2014
#26
The injustice done to your parents and the other workers and spouses is vile
suffragette
Dec 2014
#35
Not only did they not cut their own pensions, the clowns who voted for this
Trailrider1951
Dec 2014
#40
This sucks, big time, Dustlawyer. I'm sorry your parents had to go through this.
Enthusiast
Dec 2014
#43
Pension looting erodes corporate law and should be a federal crime with mandatory jail time.
ancianita
Dec 2014
#53
pension looting is a great bumper sticker slogan - and a good name for a bill in congress
belzabubba333
Dec 2014
#85
I worked 40 years in the steel industry and get $1900 a month. Of course now that
doc03
Dec 2014
#107
Very sorry DL. Damn them for making all our lives harder than they have to be.
raouldukelives
Dec 2014
#68
Fox would have nothing to say to the trade deal with Japan that allowed them to glut our market
Dustlawyer
Dec 2014
#86
Not necessarily I worked for Wheeling Pittsburgh Steel and the PBGC froze our plan
doc03
Dec 2014
#111
You may be wrong about their pension. I worked 40 years at Wheeling Pittsburgh Steel our
doc03
Dec 2014
#110
I doubt they are actually getting it from Bethlehem, they liquidated, it probably comes from the
doc03
Dec 2014
#113
You are correct, PBGC, her $17.00 a month is three weeks of gas at current prices. I hope
Dustlawyer
Dec 2014
#140
It was with the union, but once the company failed, it became administered by PBGC, a government
Dustlawyer
Dec 2014
#137
If that is the case I apologize, I am having a lot of medical issues and a little shorter fuse than
Dustlawyer
Dec 2014
#146
The validity and terms of a contract are directly proportionate to the wealth possessed
Zorra
Dec 2014
#105
Thisis part of the mission of the Republicans, Walmart, Koch brothers and other large
sammy750
Dec 2014
#100
Who voted? Who votes? Who participates in the process. Not many. Shame on these people.
YOHABLO
Dec 2014
#126