Ask Michael Burke Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Ask Michael Burke

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Knighty Tin who wrote (58492)	5/4/1999 3:14:00 PM
From: Freedom Fighter	Read Replies (3) of 132070

Mike, >>Actually, back in the good old days, most cos. had defined benefits<< I've been wondering about the shift from defined benefit pensions to employee controlled retirement benefits for awhile now. Do you think it's possible that corporate America realizes that the U.S. is one big financial asset bubble and that's one reason for the shift? Perhaps many managements realize that the only reason their pensions are fully funded is because of the bubble. And when it bursts there is no way they will ever be able make good on their promises given current return assumptions (without enormous future contributions that will hit the bottom line). By changing the type of benefit they are removing the liability from themselves and passing it on to the fully invested poor folk who will need the money and not be able to make it! Wayne

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next