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To: calgarylady who wrote (4036)5/1/2008 8:36:16 PM
From: koan  Read Replies (1) | Respond to of 23102
 
You are on a role CL-lol. I had no idea people were pulling money out of pension plans.

Sounds like the bank runs in 1929.

Today everyone on the financial networks were sounding like we had rounded the corner and everything was hunky dore.



To: calgarylady who wrote (4036)5/1/2008 11:46:05 PM
From: onepath  Respond to of 23102
 
Pension issues are going to be hugh in the future.An Actuary for the plan I am with and was giving a presentation on came out with the statement that in the future there would be many Actuaries getting jail time.His point being that the plans are not properly funded and the money will not be there for many members and this was before the credit crunch.Anybody vested into a pension plan should be asking lots of questions.


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