National industry wide pension

[Lazer]

The plan my employer offers, without getting to long here and boring to everyone else is basic. I elect what percentage of my pre-tax salery to contribute, with a max. of 15%(by law). I decide from a plethera of options from there. Anything from a zero-risk saving account, to any half-baked foreign multi-whizzbang health concern buying muni-bonds for outer Slobovia. I have the choice of making 20 changes per calender year. My employer kicks in a percentage of the dollar amount of what I have deducted pre-tax. Right off the top of my head, I'm not 100% sure what % they kick in but I can look it up if you really need to know. Once a person is totally 'vested'( after 5 yrs. I think) If I leave the employ of this company, I can take 100% of my account with me to a new employer or leave it where it is .

[Docker]

More crap about how fantastic you are.

You refuse to see the simple reality of the situation. The boomer generation is to big. Without an age limit, any attempt at what you are suggesting is a failure at the start.

The numbers don't jive. That's why social security and many pensions are going to fail to deliver on their promises.

Which I believe is the whole point to your idea. If the current model was not flawed then, there would be no need for an improved plan.

Just leave it up to highspeeds to start insulting the poster...as usual...which he always does when he can't argue his point...thus has to resort to insults. And here he comes again with his all so popular boomer hating rhetoric.When are you going to post something of substance instead of saying something as idiotic as just "the numbers don't jive"?

[Docker]

Muler, I have read your post several times to make sure I didn't miss something. I don't believe I have. The 'long and the short of it' is many don't have faith such a fund to be there when it's needed. Like I stated in my earlier post this industry has a track record on this that is a bit questionable. Is my 401(k) 100% guaranteed to be there for me? No, it's not, nothing is 100% in life.
You may shake your head at those of us that may be somwhat reluctant to venture into such a plan, but, for everyone of you, there are just as many of us that are shakeing our heads at you for participating in your 'plan' that is on the skids and may very well not be there for you.

The market downturn and economic recession have surely affected all Americans. But the evidence suggests that employees and retirees who can count on group-based, defined benefit pensions are in the best position to weather the storm.

Employees and retirees with pensions can count on a stable and secure retirement income that isn’t subject to the wild volatility of Wall Street. This is possible because group pension plans can do something individual account plans cannot—provide better time diversification of financial market risks. This means that, because pension plans invest for very long time horizons, they are able to diversify their portfolios across broad time periods, and can better withstand market swings. Economists have shown that because of this ability, group pension plans can more effectively capture the excess returns that come from investing in stocks over long periods of time—to the benefit of employees, employers, and taxpayers.

The economic crisis has taught Americans many lessons about getting back to basics. Recent research reaffirms the importance of the traditional “three-legged stool” approach to retirement. A combination of Social Security and a group based defined benefit pension, supplemented with individual savings in a defined contribution plan, affords ordinary Americans the greatest chance to maintain their middle-class standard of living into retirement.

Pensions are a critical lifeline to America’s middle class seniors. More than 4.5 million retired public employees and nearly 10 million retired private sector employees rely on a pension to make ends meet. Keeping these vital systems healthy should be a high priority for decision-makers at every level, so that pensions can continue to keep the promise for future generations.

http://www.google.com/url?sa=t&rct=j...rRo4qw&cad=rja

[highspeeds]

Just leave it up to highspeeds to start insulting the poster...as usual...which he always does when he can't argue his point...thus has to resort to insults. And here he comes again with his all so popular boomer hating rhetoric.When are you going to post something of substance instead of saying something as idiotic as just "the numbers don't jive"?

Where did I insult him ? There are no insults in that post. There is no hate in that post. A simple statement.

The math doesn't work. Is that better ? Semantics ? Really ?

I see this is typical for you. Make up an imaginary arguement to deflect the thread from the actual topic.

Muler has done well discussing all this without you crapping on his thread.

Let's see you say something intelligent. Please.

[highspeeds]

[QUOTE=Docker;1056762]
Pensions are a critical lifeline to America’s middle class seniors. More than 4.5 million retired public employees and nearly 10 million retired private sector employees rely on a pension to make ends meet. Keeping these vital systems healthy should be a high priority for decision-makers at every level, so that pensions can continue to keep the promise for future generations.

And what are you willing to do to see this through ?

[Docker]

Where did I insult him ? There are no insults in that post. There is no hate in that post. A simple statement.

The math doesn't work. Is that better ? Semantics ? Really ?

I see this is typical for you. Make up an imaginary arguement to deflect the thread from the actual topic.

Muler has done well discussing all this without you crapping on his thread.

Let's see you say something intelligent. Please.

Her's the insult:

More crap about how fantastic you are.

Now...I want you to point out just fantastic he made himself out to be?


You keep saying statements like say "the math doesn't work" and the "the numbers don't jive" without any facts and figures to back your claims. How do you expect to make a valid point without doing so? Like I said before...you always stick to what you do best and that is insults, spewing hate towards the boomers and then occasionally lie to try and prove your point. And you have the audacity to talk about me crapping on his thread.

Now...if you want your posts to have validity...try and post some facts and figures to back up your claims instead of just posting idiotic replies.

[Docker]

And what are you willing to do to see this through ?

Now what kind of stupid question is that? With all that information that I supplied and all you can come up with is this idiotic question...it's time to start growing up Highspeeds!

[Lazer]

Nobody here is denying the importance of a pension if one chooses one. But, I for one am not going to venture into one from this industry at this time because the track record sucks. There are scores of pensions around the country that many analysts(sp) predict are just a few short years away from 'hitting the brick wall', that is the outflow of money will forever increase greater than the inflow of money till BAMM!! all payments stop. Are there pensions that have been administered to avoid this? Of course there are. I for one, If I learn of any pension fund in this country that 'hits the wall' and our Federal Government proposes a taxpayer 'rescue' or bailout' of any sort, I will march my sorry rear-end to my U.S. Senator and U.S. Reps. office and object and protest with ever fiber of my being to halt such theft of taxpayer money.

[highspeeds]

You need to come back to earth. We the boomers are the ones that have been keeping this country afloat.When you talk about taxing our economy you need to look no farther than student loans costing BILLIONS OF DOLLARS and the DRUG EPIDEMIC COSTING TRILLIONS OF DOLLARS then let's not forget your groups out of control welfare and unemployment. Be we the boomers keep footing your bills and you talk of us. YOUR NOT BUYING IT BROTHER ALWAYS!

Here he says that the boomers are the only thing keeping this country afloat. Which I consider crap. And that is not an insult. It is disbelief of his statement.

[highspeeds]

Her's the insult:

Now...I want you to point out just fantastic he made himself out to be?


You keep saying statements like say "the math doesn't work" and the "the numbers don't jive" without any facts and figures to back your claims. How do you expect to make a valid point without doing so? Like I said before...you always stick to what you do best and that is insults, spewing hate towards the boomers and then occasionally lie to try and prove your point. And you have the audacity to talk about me crapping on his thread.

Now...if you want your posts to have validity...try and post some facts and figures to back up your claims instead of just posting idiotic replies.

I don't need to post numbers about things not working. It is accepted that things are not working or there would not be a need for a new and improved plan.