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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: 10K a day who wrote (228256)	4/8/2005 6:27:13 AM
From: Amy J	Respond to of 1573827

RE: "Do the pensions include health insurance? " The retirement money saved in the pension (Calipers, etc.) is independent of health care, and thus can be and should be converted into 401k plans where ERISA protects the person's 401k account from being stolen due to govt overspending. This is no different than what you find at corporations today. By the way, keeping the system the current way, actually benefits startups because a portion of the pension funds are invested in pre-IPO firms as venture capital. When this money is converted into 401ks, startups will lose a substantial portion of venture capital. This would hurt people that own startups like me (because it would decrease the supply of capital, thus slow down valuations), but I still think they need to do it. They could let the public decide if they want to invest in startups or not. Regards, Amy J