UnThreaded | Threaded | Whole Thread (5) | Ignore Thread Prev | Next
Author: DrTarr Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76078  
Subject: Re: Employer Pension Date: 3/28/2006 12:44 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 2
As mentioned contact department of labor and have him verify with HR that company is not trying to do this retro, although there may be a loophole in the plan as I understand some companies have found. I will have to look and see if I can find that article again.

But here is my rant, what really is sad is that the US government can go back and change retiring benefits for things already accrued. At the stroke of a pen my father lost his entitlement to a widow benefit off my mothers Social Security. He retired about the time Roanld Reagan signed some legislation that if a person was collecting a pension from a government agency, then they could not collect a widows benefit. Well in the natural course of things Mom died and there went his share of her benefits- even though she contributed to SS for 40 something years.

The other thing that is sometimes sickening is that when the new guys come into your dads company, their salaries will skyrocket, payig themselves very handsomely for picking up the company and "giving it a future"

DrTarr



Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (5) | Ignore Thread Prev | Next

Announcements

The Retire Early Home Page
Discussion on accelerating retirement day.
Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Post of the Day:
Berkshire Hathaway

IBM: Is Buffett Wrong, or Brilliant?
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement