Heard today that the market has never done so well as it is doing under the Obama administration . Its up three times higher now than when Bush was in charge . Ted Cruz said that Obama don't know how American business works , maybe Cruz should look more closely to the market b/4 he makes that kinda statement.
Everyone overlooks the power of Congress, giving the Pres credit for things they have NOTHING to do with. Who ran the legislative branch during Bush's last term? Who took over the House, who controls the purse strings? Who were called obstructionists? The truth is, the less our Government "gets done", the better the economy, and the better things are in general. Maybe they should all take 4 years off... Haven't they done enough already?
Ours isn't controlled by us, who aren't very knowledgeable.
Yes but its
Yes, but they are a bit different as to how they invest. Pension funds are invested in two different categories, Investment funds & Equity funds where as 401K funds are Invested in a very wide rage of funds. The two have one thing in common though, they can gain or lose money very quickly.
That is the way I understand it as well, but only as it applies to Multi-employer plans. The maximum amount the agency guarantees in single-employer plans is a single life annuity of $4,500 per month ($54,000 annually) beginning at age 65.
Why such a HUGE difference? The "liability", actually seems much higher (to PBGC) for single-employer plans, since they cover more than 30 million participants, while the multi-employer plans cover around 10 million participants. 3 times as many covered. Covered at more than a 3 times higher rate. Seems like a very unbalanced set of numbers, to me. Wonder how that came to be...
nope not your SSI...or 401....wonder if the Congress n Senate not to mention the Prez are goin to cut theirs...
...yea rt...rt up there with they and theirs don't have to be part of Obamacare...oh wait Affordable Care Act...The market is doing very well this week. Typically when the president speaks the stock market tanks. The president still only has a 47% approval rating although its up from 40% a few weeks ago. The stock market reacts to the worlds economy, not just the United States.
The pbgc is NOT funded or backed by one cent of tax payer money. Educate.
Exactly Guardrail. I wonder with the threefold increase in the market why the pensions would be in such dire straits while my 401k is BOOMING. Oh yeah mismanagement by the unions would never be the reason according to the faithful. Both are invested in the markets aren't they?
The union doesnt manage the pension funds. You should educate yourself on things you are going to post about.
Right you are. More education for some.....The Trustees of the pension funds are comprised of both members of the Union and Companies.
A problem for some and not others.
