Saving America's Pension Plans Is A Rare Chance For Bipartisan Accomplishment | Opinion

[Everydayissat]

Look up where I said they did! You are too dumb to talk to! Idiot

Please don’t listen to the malcontents and the nonsense they put on this web,pensions are alive and well and will continue to pay long after they are gone

 

[Turn the Page]

Please don’t listen to the malcontents and the nonsense they put on this web,pensions are alive and well and will continue to pay long after they are gone

The Pension Benefit Guaranty Corporation (PBGC) is a federal agency that was created to insure pensions and cover payments in the event that a pension fund runs out of money. When the PBGC assumes pension payments, they are automatically reduced from the full benefit (example: a maximum guarantee of $1,072 per month for a Central States participant with 30 years of service). With more than 100 pension plans covering 1.3 million people projected to fail in the next 20 years, the PBGC is also expected to run out of money. In fact, it is projected that the PBGC’s multiemployer program will run out of money in 2025. If that happens, pension benefits would be reduced to essentially zero—no Central States Pension Fund participant would get any meaningful pension because Central States and the PBGC will both be out of money.

 

[mud]

With more than 100 pension plans covering 1.3 million people projected to fail in the next 20 years, the PBGC is also expected to run out of money.

Maybe Nancy Pelosi will help the failing pension funds. I'm sure she will still be the Speaker of the U.S.
House of Representatives for the next 20 years.

 

[Banned for Life]

 

[Banned for Life]