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To: JRI who wrote (198620)10/18/2002 4:28:28 PM
From: Knighty Tin  Respond to of 436258
 
JRI, the big scam is to switch from defined benefits (good for worker, bad for the numbnuts who mismanage the money) to defined contributions (we put the money in and where it goes, nobody knows). The 401K was the concept used to flim flam workers on pensions.



To: JRI who wrote (198620)10/18/2002 4:50:52 PM
From: reaper  Respond to of 436258
 
pension is generally covered by union negotiations
good luck getting the terms changed

Cheers


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