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Showing posts with label retirement. Show all posts
Showing posts with label retirement. Show all posts

17 November 2011

The Social Poets: Jon Stewart Interview: How Your Employer Is Screwing Your Pension Fund

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The Social Poets: Jon Stewart Interview: How Your Employer Is Screwing Your Pension Fund: From Denny: Ellen Schultz, an investigative reporter, discovered that Big Business has taken the private pension plans for millions of workers - to the tune of 44 million people - and, instead, "turned them into profit centers for their companies." As a result, the plans are severely underfunded.

Did you know that as recently as 10 years ago, these same retirement plans were so flush with cash that they experienced a quarter of a trillion dollar surplus?

How did they drain that surplus? Big Business did the following:
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23 September 2011

The Social Poets: Funny But True Friday: Dead People Get $600 Million From Government


The Social Poets: Funny But True Friday: Dead People Get $600 Million From Government: From Denny:   Guess what our government finally figured out after it had been going on for decades?  Yes, they have been paying out benefits to dead guys.

A lot of money, to the tune of $600 million, was going to retired or disabled federal workers.  Talk about a great retirement plan.  It's so good our government pays you after you die too.  Who says government doesn't have a heart?
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