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Rosemary2205
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Sat Nov-03-07 09:38 AM Original message |
Why pensions are dying. |
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1932
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Sat Nov-03-07 09:42 AM Response to Original message |
1. Pensions can be insured. |
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Rosemary2205
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Sat Nov-03-07 09:45 AM Response to Reply #1 |
4. Enroners got about 30 cents on the dollar. |
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antigop
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Sat Nov-03-07 09:48 AM Response to Reply #4 |
6. Enroners lost a ton of money in their 401(k)'s because they were forced to hold Enron stock |
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Rosemary2205
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Sat Nov-03-07 09:49 AM Response to Reply #6 |
9. That too |
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antigop
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Sat Nov-03-07 09:52 AM Response to Reply #9 |
11. ahem... from the PBGC website... |
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Rosemary2205
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Sat Nov-03-07 10:01 AM Response to Reply #11 |
18. Those with pensions over $45,614 deserve all their money too. |
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antigop
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Sat Nov-03-07 10:03 AM Original message |
How many people qualify for that type of pension? Good grief. Please educate yourself. n/t |
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Rosemary2205
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Sat Nov-03-07 10:11 AM Response to Original message |
27. More than you think. |
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Fed_Up_Grammy
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Sat Nov-03-07 09:30 PM Response to Original message |
50. Massachusetts politicians and hacks qualify for that kind of pension. |
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antigop
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Sun Nov-04-07 10:09 AM Response to Reply #50 |
57. And how many employees WHOSE PLANS ARE COVERED BY THE PBGC have pensions that high? |
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TheFarseer
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Sat Nov-03-07 10:41 AM Response to Reply #6 |
36. that can't happen anymore |
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antigop
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Sat Nov-03-07 12:07 PM Response to Reply #36 |
42. Yes, I know they changed the law, but I was only responding to the Enron situation and why |
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TheFarseer
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Sat Nov-03-07 03:27 PM Response to Reply #42 |
44. I think I was trying to respond to the post above yours |
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baldguy
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Sat Nov-03-07 09:43 AM Response to Original message |
2. Traditional pension plans have been phased out |
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antigop
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Sat Nov-03-07 09:43 AM Response to Original message |
3. Pensions are insured by the PBGC and if you don't make it to retirement, there are vesting rules |
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Rosemary2205
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Sat Nov-03-07 09:48 AM Response to Reply #3 |
7. Not true. |
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antigop
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Sat Nov-03-07 09:49 AM Response to Reply #7 |
10. Well, vesting rules are law....sorry, but true. n./t |
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antigop
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Sat Nov-03-07 09:59 AM Response to Reply #7 |
16. Vesting rules from the DOL website |
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spooky3
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Sun Nov-04-07 07:14 PM Response to Reply #16 |
63. defined contribution plans have the same vesting rules with a few |
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antigop
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Sat Nov-03-07 09:46 AM Response to Original message |
5. The real reason pensions are dying... |
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B Calm
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Sat Nov-03-07 11:36 AM Response to Reply #5 |
40. I think they are salivating over the prospect of millions of old, hungry |
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antigop
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Sat Nov-03-07 01:29 PM Response to Reply #40 |
43. I think there *may* be some truth to that, but the real reasons are... |
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Yupster
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Sat Nov-03-07 09:48 PM Response to Reply #5 |
51. The real reason pensions are dying has |
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antigop
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Sat Nov-03-07 09:49 AM Response to Original message |
8. And some terminology...401(k) plans ARE PENSIONS. |
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Gormy Cuss
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Sat Nov-03-07 09:52 AM Response to Original message |
12. I am in favor of Social Security and encouraging company retirement plan contributions. |
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Rosemary2205
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Sat Nov-03-07 09:57 AM Response to Reply #12 |
15. Mandatory match |
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Gormy Cuss
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Sat Nov-03-07 10:17 AM Response to Reply #15 |
29. Actually, I think the match could even exceed 100% if necessary. |
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Rosemary2205
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Sat Nov-03-07 10:30 AM Response to Reply #29 |
34. A very good point. Thanks. |
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soothsayer
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Sat Nov-03-07 09:52 AM Response to Original message |
13. Gawd, I'm taking a job after 4 years of blissful self-emp. cuz the pension vests in 5 years |
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LiberalFighter
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Sat Nov-03-07 10:47 AM Response to Reply #13 |
37. That was/is pretty much my mindset. |
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soothsayer
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Sun Nov-04-07 10:11 AM Response to Reply #37 |
58. Cool! Thanks for the reassurance that it's a good move. |
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antigop
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Sat Nov-03-07 09:52 AM Response to Original message |
14. really... I don't have time to play today...please educate yourself on pensions before further |
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Rosemary2205
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Sat Nov-03-07 10:00 AM Response to Reply #14 |
17. LOL |
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antigop
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Sat Nov-03-07 10:02 AM Response to Reply #17 |
20. Good grief! Please educate yourself. I gotta go. n/t |
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Rosemary2205
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Sat Nov-03-07 10:03 AM Response to Reply #20 |
23. Gotta love General Discussion |
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liberal N proud
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Sat Nov-03-07 10:01 AM Response to Original message |
19. Social Security and Pensions were guarantees for employees to have retirement income |
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Omaha Steve
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Sat Nov-03-07 10:03 AM Response to Original message |
21. Should I die before my wife |
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antigop
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Sat Nov-03-07 10:08 AM Response to Reply #21 |
25. Defined benefit pensions can be "portable". The plan can have an immediate annuity instead of an |
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Rosemary2205
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Sat Nov-03-07 10:10 AM Response to Reply #21 |
26. What happens if you die before your retirement date? |
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Omaha Steve
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Sat Nov-03-07 10:18 AM Response to Reply #26 |
30. Yes even if I drop over today, Marta would get 75% of my pension for her life |
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WinkyDink
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Sat Nov-03-07 10:30 AM Response to Reply #30 |
33. I get 100%, as the widow. I always tell Mr. Dink to stay away from the cellar steps. ;) |
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LiberalFighter
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Sun Nov-04-07 12:21 PM Response to Reply #26 |
59. Excuse me but that statement is not true |
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fasttense
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Sat Nov-03-07 10:03 AM Response to Original message |
22. And when the little guy makes a bad decision? |
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Rosemary2205
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Sat Nov-03-07 10:06 AM Response to Reply #22 |
24. I think Joe deserves a decent education. |
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fasttense
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Sat Nov-03-07 10:17 AM Response to Reply #24 |
28. Like the few Joe's who took sub-prime mortgages and are being foreclosed on now? |
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Rosemary2205
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Sat Nov-03-07 10:29 AM Response to Reply #28 |
32. Congress and company bosses are humans too. |
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WinkyDink
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Sat Nov-03-07 10:28 AM Response to Original message |
31. You do not understand the "social" elements of Social Security. |
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TimBean
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Sat Nov-03-07 10:33 AM Response to Original message |
35. yep. I don't trust pensions |
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OzarkDem
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Sat Nov-03-07 10:57 AM Response to Original message |
38. Privatizing social security is not a good idea |
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Rosemary2205
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Sat Nov-03-07 11:20 AM Response to Reply #38 |
39. My only real beef with Social Security |
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B Calm
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Sat Nov-03-07 11:50 AM Response to Original message |
41. Employers use to use pension plans to retain older employees. Now |
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papau
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Sat Nov-03-07 05:35 PM Response to Original message |
45. Rosemary2205 - As a pension actuary perhaps I could shed some light on union pensions. |
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antigop
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Sat Nov-03-07 06:02 PM Response to Reply #45 |
46. Papau, you rock! n/t |
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1932
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Sat Nov-03-07 06:07 PM Response to Reply #45 |
47. Thank you for taking the time to post a long, informative post! |
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Rosemary2205
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Sat Nov-03-07 07:51 PM Response to Reply #45 |
48. I appreciate the history lesson but that isn't my point at all. |
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papau
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Sat Nov-03-07 09:23 PM Response to Reply #48 |
49. Corps are selling greed & personal control as offsets to starving at retirement and lower |
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defendandprotect
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Sat Nov-03-07 10:22 PM Response to Reply #49 |
54. No pensions equals a cut in wages --- Our Town has fought Police on issues . . . |
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pitohui
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Sat Nov-03-07 10:37 PM Response to Reply #45 |
56. great post papau thanks! |
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papau
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Sun Nov-04-07 01:38 PM Response to Reply #56 |
60. Thanks :-) |
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countryjake
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Sun Nov-04-07 06:36 PM Response to Reply #45 |
62. I recommend your excellent response! |
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salin
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Sat Nov-03-07 09:58 PM Response to Original message |
52. odd... my father passed 15 years ago, |
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defendandprotect
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Sat Nov-03-07 10:17 PM Response to Original message |
53. Social Security is an INSURANCE program . . . not a retirement program --- |
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pitohui
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Sat Nov-03-07 10:31 PM Response to Original message |
55. oh brother, traditional pensions ARE phased out |
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spooky3
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Sun Nov-04-07 07:26 PM Response to Reply #55 |
64. I disagree with some of your last paragraph |
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Tactical Progressive
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Sun Nov-04-07 06:20 PM Response to Original message |
61. So regulate pensions so they get paid no matter what |
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