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Author: DrTarr Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 79106  
Subject: Re: Employer Pension Date: 3/28/2006 12:44 AM
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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"


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