Heads up! Current retirees............

[BlueStreak]

Originally Posted by whell

Uh, Dave. I don't see "The GOP" mentioned anywhere in the article.

You do understand that government oversight/regulation of private sector pensions and is handled within the Department of Labor (an quagmire populated almost exclusively by those who lean to the left) by the PBGC. You also realize that any changes to regulations would require action in both houses of Congress (unless the Bamster has another Executive Order up his sleeve).

My apologies. Usually, whenever I hear some noise about which workers don't deserve to have what, it's coming from a conservative pie-hole.

Also note that what you just wrote confirms that the PBGC is a mostly "left leaning" organization. Where is the "right leaning" organization that does anything positive for working class retirees? (Referring them to private charities and homeless shelters doesn't count.) Last I checked they pretty much despise anyone who has attempted to stop working for nearly any reason.

Dave

[Dondilion]

Originally Posted by Oerets

No matter how well funded a plan is US law allow the company to rob the funds and file bankruptcy. Then the Government will pickup the tab, http://www.pbgc.gov/ at a reduced rate of course.


""If that occurred, the federal insurance fund that protects the retirement benefits of more than 10 million Americans in multi-employer plans could collapse.""

Barney

Pension funds are tempting.

And even when the white collar criminals are caught they given sweet heart
sentences and sent to country club prisons.

I now remember Alan Hevesi the sole trustee of the then 2010 NY 125 billion dollars
state pension fund was caught in some funny schemes with the funds.

He was sentenced but did not break any bricks/stones in prison.

[whell]

Originally Posted by BlueStreak

Where is the "right leaning" organization that does anything positive for working class retirees? (Referring them to private charities and homeless shelters doesn't count.) Last I checked they pretty much despise anyone who has attempted to stop working for nearly any reason.

Dave

You're right. Most of the big Wall Street investment houses are run by lefties now.

[merrylander]

Originally Posted by BlueStreak

My apologies. Usually, whenever I hear some noise about which workers don't deserve to have what, it's coming from a conservative pie-hole.

Also note that what you just wrote confirms that the PBGC is a mostly "left leaning" organization. Where is the "right leaning" organization that does anything positive for working class retirees? (Referring them to private charities and homeless shelters doesn't count.) Last I checked they pretty much despise anyone who has attempted to stop working for nearly any reason.

Dave

No you were right the first time since it is Congress that is looking to pass legislation that will allow these poorly managed corporations to cut the size of their pensions.

[whell]

Originally Posted by merrylander

No you were right the first time since it is Congress that is looking to pass legislation that will allow these poorly managed corporations to cut the size of their pensions.

You might want to have a look at post 7 in this thread before you continue your anti corp rant on this topic.

[BlueStreak]

Originally Posted by merrylander

No you were right the first time since it is Congress that is looking to pass legislation that will allow these poorly managed corporations to cut the size of their pensions.

You mean the new congress?

Dave

[merrylander]

Article in the WaPo this AM.