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Yellow | Stop Congress from Cutting Retirees' Hard Earned Pensions

This would be a radical departure from the federal pension law and it would wipe out the anti-cutback rule which states unequivocally that once a retiree starts receiving a pension – it cannot be taken away unless a plan becomes insolvent.



Where's the NLRB on this....
 
The American voters are going to find out what they voted for. Cut, cut and cut some more is all the Republicans know and how a working person can cast a vote for one is beyond belief. I am not saying that the Democrats are much better, but at least their track record does reveal that they do a little more for the working person.
 
Its been pension law that if a multi-contributory plan is dispersed at 1/2 value if it falls into receivership. So stop drinking the Hoffa koolaide maybe you should look at what happened to your pension fund in the first place.
 
The Best said:
The American voters are going to find out what they voted for. Cut, cut and cut some more is all the Republicans know and how a working person can cast a vote for one is beyond belief. I am not saying that the Democrats are much better, but at least their track record does reveal that they do a little more for the working person.
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You do understand that government doesn't generate money, it just takes from those who work and earn it and redistributes it as it chooses. Over the decades government has become so unbelievably bloated that there is no accountability as to where the money goes. Both parties have been guilty of doing that and I'm all for government cutting back and allowing me to keep more of what I earn. Sorry if that offends you.
 
The Best said:
The American voters are going to find out what they voted for. Cut, cut and cut some more is all the Republicans know and how a working person can cast a vote for one is beyond belief. I am not saying that the Democrats are much better, but at least their track record does reveal that they do a little more for the working person.
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And 5 million illegal aliens, who are not even American citizens, who are in our country illegally.
 
The Best said:
The American voters are going to find out what they voted for. Cut, cut and cut some more is all the Republicans know and how a working person can cast a vote for one is beyond belief. I am not saying that the Democrats are much better, but at least their track record does reveal that they do a little more for the working person.
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Did you bother to actually read the article. It stated Congress will reach a deal before years end, that would be before the new Congress is seated. Just sayin. But don't let facts get in your way.
 
The Best said:
The American voters are going to find out what they voted for. Cut, cut and cut some more is all the Republicans know and how a working person can cast a vote for one is beyond belief. I am not saying that the Democrats are much better, but at least their track record does reveal that they do a little more for the working person.
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Take a look at this thread, see what your beloved democrats with their Obamacare scam have done to their healthcare.

http://www.truckingboards.com/forum/fedex-freight/111223-dropping-bomb-2018-a.html
 
Take a look at social security.That fund was set up as a separate account.A fund that all working people pay in to each week.Then Congress decided to place that money into the general fund.From there the fund has been depleting at a fast clip.They say by 2020 the Social Security fund will be broke.
 
toilet paper said:
Its been pension law that if a multi-contributory plan is dispersed at 1/2 value if it falls into receivership. So stop drinking the Hoffa koolaide maybe you should look at what happened to your pension fund in the first place.
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Where did you read that? And what does Hoffa have to do with an issue that can affect thousands of different MEPF & SEPFs? If a few funds are in danger of defaulting they will be taken over by the PBGC. If congress changes ERISA's anti cutback rule then every pension fund retiree in America, not just your dreaded union funds, could at some point be hurt by it's action.
 
Last-Ride said:
America, spend 500 million tax payers dollars to build fences,then another 500 million to let them stay,makes sense to me????
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I guess they use the "ex-wife" theory.. Cheaper To Keep'em..LOL.. And that's only to get them here, that doesn't count welfare,food stamps.housing,education.. Ya know the things we already pay for others..
 
Crystal said:
Where did you read that? And what does Hoffa have to do with an issue that can affect thousands of different MEPF & SEPFs? If a few funds are in danger of defaulting they will be taken over by the PBGC. If congress changes ERISA's anti cutback rule then every pension fund retiree in America, not just your dreaded union funds, could at some point be hurt by it's action.
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Absolutely correct......:clapping:
 
toilet paper said:
Its been pension law that if a multi-contributory plan is dispersed at 1/2 value if it falls into receivership. So stop drinking the Hoffa koolaide maybe you should look at what happened to your pension fund in the first place.
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I need to see something in writing to believe this.... Not saying you are totally wrong, just seeing if everyone is on the same page here...If you are referring to multi-retirement versus drawing your Social Security then I might believe that.. Because my Dad was retired Military, retired State worker and when he went to file for his SS, they said he would have to drop one of his plans to draw....
 
Starkravinloon said:
Because my Dad was retired Military, retired State worker and when he went to file for his SS, they said he would have to drop one of his pensions to draw....
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Can you please explain why he had to give up 1 of his earned pensions in order to receive the SS benefits he was entitled to? I don't doubt that what you say is true but my first thought is this is unfair
 
Crystal said:
Can you please explain why he had to give up 1 of his earned pensions in order to receive the SS benefits he was entitled to? I don't doubt that what you say is true but my first thought is this is unfair
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They told him his couldn't draw from three Federal and State entities... I had his rejection letter saved, but somehow it got misplaced in moves... BTW, Freightmaster1 just started a thread on this very subject ....
 
bigtruk_us said:
Take a look at social security.That fund was set up as a separate account.A fund that all working people pay in to each week.Then Congress decided to place that money into the general fund.From there the fund has been depleting at a fast clip.They say by 2020 the Social Security fund will be broke.
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Read Helvering vs Davis, 1937. Since day one (1935)all the monies went into the General Fund and were spent the same day with no promise of ever paying back a cent. All in all, its an income tax by another name to snow the citizens.
http://en.m.wikipedia.org/wiki/Helvering_v._Davis
 
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