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traddad
Sep 29, 2011, 7:50 AM
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Registered: Dec 14, 2001
Posts: 7125
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I heard this on my way into work this AM. It seems the narrative that "pensions are unsustainable" was not quite true.
In reply to: Schultz says there was a massive transfer of wealth over the past two decades, from a multitude of retirees to a small number of executives. But while she calls her book Retirement Heist, she concedes that nothing that happened was illegal. "When you have a properly funded plan, it doesn't matter how many retirees you have or how long they live," Schultz says. "It's not the fact that you have a lot of retirees; it's the fact that you have abused the pension plan."
http://www.npr.org/...rms-trimmed-pensions
(This post was edited by traddad on Sep 29, 2011, 7:53 AM)
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skiclimb
Sep 29, 2011, 7:08 PM
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Registered: Jan 11, 2004
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Yep the math is simple.
When the accounts do not balance you have a thief.
Welcome to class warfare.
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traddad
Sep 29, 2011, 8:25 PM
Post #3 of 3
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Registered: Dec 14, 2001
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skiclimb wrote: Yep the math is simple. When the accounts do not balance you have a thief. Welcome to class warfare.
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