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defined benefits pension plans don't work

Posted on: March 21, 2020 at 15:11:36 CT

Ferg MU

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18366

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M.O.B. Votes:

they are quazi ponzi schemes. Paying people who no longer work doesn't make economic sense. Fortunately, most companies have abandoned these albatrosses and have moved to 401k plans.

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MESSAGE THREAD

One more huge problem congress will ignore. Not - GA Tiger MU - 3/21 15:00:06

Wow then should the government cover all the 401K losses - TGR84 MU - 3/21 15:31:17

I have no idea what your point is.(nm) - GA Tiger MU - 3/21 15:32:20

Why should the government secure private pension plans? - TGR84 MU - 3/21 17:21:07

ya think? (nm) - ashtray UF - 3/21 17:27:00

People with government pensionswill need to take less(nm) - tman MU - 3/21 15:49:35

Bingo, Government employees are nothing special - TGR84 MU - 3/21 16:42:49

worked hard, saved,,, and now - fatrat MU - 3/21 15:14:12

The average rep. doesn't care about all that. They'll - GA Tiger MU - 3/21 15:31:27

defined benefits pension plans don't work - Ferg STL - 3/21 15:11:36

Thats the key. Get rid of ALL that kind of pension. Won't - GA Tiger MU - 3/21 15:29:56

They predominately exist in the public sector today - Ferg STL - 3/21 15:31:56

Actually they are fairly simple - meatiger MU - 3/21 15:25:33

huh? - Ferg STL - 3/21 15:29:46

Sorry - meatiger MU - 3/21 15:34:38

yes, the biggest problem is the public sector - Ferg STL - 3/21 15:37:27

They have proposed the answer, and it's disgusting. - RHAYWORTH MU - 3/21 15:08:16

yup(nm) - TigerFan92 MU - 3/21 15:47:13

I wouldn't begin to argue with that. And almost - GA Tiger MU - 3/21 15:28:49

Aren't you the dude - Newcatbirdseat MU - 3/21 15:12:59

Sigh. I've always called for it to be phased out gradually. - RHAYWORTH MU - 3/21 18:05:06

nobody has ever called for that - ashtray UF - 3/21 19:21:28

we paid into those for over 40 years.... - fatrat MU - 3/21 15:15:48