You need to make up your mind!
In one post you state.
So,...Wall Street had to create a.....financial disaster in 2008,.....to kick many....NOT ALL....Funds into dangerous territory...
A few "friends" on Congress to pass some...slimy legislation,...and,...Viola'!......you have a "pension crisis"....
And in this post you blame Teamsters leadership?
Well,....You and I are having a conversation on another thread about the Central States Pension plan,.....On that thread, I gave you a reason why I think there was a deliberate failure,...by "leadership",.....and a deliberate attempt,...by financial lobbyists,.to influence(successfully..)...legislation.
My mind has been firmly fixed for years,....that there is a concerted effort....to change the way private-sector employees retire...
If you ...Legislate,..and mis-lead....to the point that defined-benefit pensions are wrecked,...then the only other option for working people,..is defined-contribution plans.
..(..and the defined-benefit plan that is...Social Security...)(...and we all know Congress will protect that....Right?)....
So,......is there a plan by the Financial Community to...."sell"...401(k)'s.....at the expense of defined-benefit plans?
I believe so.......(..actually "stampeding", rather than "selling"..)
Are defined-contribution plans protected by any sort of....laws?...Or is it run only by ...risk factors and "vagaries of the market"?
Would a plan like that,....be subject to unscrupulous people willing to take advantage of the lack of legal protection,...and the AVERAGE person's naivety of how the "investment" market works?
Nah........Everyone on Wall Street is as honest as the day is long,.....Right?
I’ve never been a union member so I don’t have a pension to fix, but I have taken advantage of the max marching I can get from my company in the 401. Since I just changed jobs I have to see what our retirement plan looks like here. It’s a much much smaller company but I’ve got a good start on a nest egg to roll over into a retirement account with my private investments.
Brother Songremainsthesame,.... In My Opinion....You are welcome here anytime....you bring a different perspective, from a different angle....That's good.
Actually,....everyone here has different Opinions......Everyone is welcome(My opinion....I have no say-so..)....I can handle a few abusive remarks....roll right off my back.....
Remember,....You can't ridicule someone to...your point of view.....That's an Ol' Management Tactic.....Ridicule brings either grudging acceptance, or sullen silence.........Either way,...the Ol' Management wins....
i might not convince everyone to where I'll get nominated President on a write-in ballot.......but I'll plant a little seed of dissension that might germinate into open doubt about some...conventionally-held positions.....that's my tactic.......