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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?

To: RetiredBen who wrote (69757)	4/9/2012 5:17:29 PM
From: Wayners	Respond to of 103300

Oh I thought you were a shareholder. It's my understanding the Govt picks up the tab when Pension Funds go bust and depending on the particular circumstances, you can get anywhere between 50% and 100% of what was promised. IMO that is stealing from pensioners if you get less than what the contract says. I don't know how companies can ever make long term promises of pensions to begin with especially when they underfund the programs and there is high inflation. Everybody would be better off not having a pension plan and receiving a much higher rate of pay so the company can't steal it, and the employee can buy real assets with it.