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Reitrement Heist
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traddad


Sep 29, 2011, 7:50 AM
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Registered: Dec 14, 2001
Posts: 7129

Reitrement Heist
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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)


skiclimb


Sep 29, 2011, 7:08 PM
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Registered: Jan 11, 2004
Posts: 1936

Re: [traddad] Reitrement Heist [In reply to]
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Yep the math is simple.

When the accounts do not balance you have a thief.

Welcome to class warfare.


traddad


Sep 29, 2011, 8:25 PM
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Registered: Dec 14, 2001
Posts: 7129

Re: [skiclimb] Reitrement Heist [In reply to]
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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.
Yep. Large corporations have been waging class warfare on the middle class for forty years.


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