Quote:
Originally Posted by TheBigR  Jeez, How many times do we have to tell you"the company cannot touch the money that has been paid into your pension". The company has no control, other than an equal number of advisers on the board overseeing the investments of the board. Ask any retired CF, Preston or any other company that has closed. The man still gets his pension. I'll bet your company can "borrow" from your 401 money that they contribute, just for "emergencies", and I'll bet you'll be more than ready to help them. I wonder how those Enron and Adelphia 401's are doing............ |
you are clueless, go look up enron pension, go look up delta pension or I will compile a list for you these people were promised pensions and got nothing,
There is no such thing as an enron 401k or adelphia 401k, companies don't run 401k's, 401k's are 100% your money and cannot be touched by anyone except you EVER!
when enron went down the pensions dissappeared, not the employees 401k
Same with delta and IBM there pensions dissappeared.
401k is your personal property.
A pension fund is 100% controlled by the company and can be borrowed and spent at the companies lesuire, I am on my way to work and can't find links for you to educate yourself on, how about you find some for me to read up on these adelphia and enron 401k's, or facts to back up anyother thing you listed.