Democrats’ Relief Bill Shores Up A Million People’s Pensions. That’s A Huge Deal.

[Freightmaster1]

David Brenner, a pension expert at Segal Consulting, a firm that advises multiemployer funds, called the measure in the relief bill “a discrete fix for a defined group of plans.”

“This does allow a narrow subset of troubled plans to avoid having to make the painful move of reducing benefits for already retired participants,” Brenner said in an email to HuffPost. “It also provides the option for plans that have made that move to possibly reverse that decision.”

He said measure buys a lot of time to come up with long-term policy solutions to bolster other multiemployer plans that run into trouble, although it does not resolve a broader problem in the United States: “the inability of a very wide swath of workers being able to retire with financial security and dignity.”

Democrats' COVID-19 Relief Bill Shores Up A Million People's Pensions. That's A Huge Deal.

It may be overshadowed by stimulus checks and unemployment benefits, but the money for multiemployer pension funds could save workers' retirements.

www.huffpost.com

 

[highheadblues]

The take home of this article is the average American has no pension or retirement plan. Now that the federal government owns the majority share in 185 MEPF's. It's only reasonable to combine them with other retirement assets to create a pension fund for all. Social Security, Public Pensions, all of the accrued TAX FREE gains of 401k's and private pensions, combined into one big pension pie. This isn't my idea, it is the well documented published policy of the progressive LEFT. Be careful of what you WISH/VOTE for.

I voted for you to keep working to fund my pension and it seems to be going VERY well.

 

[Homesick]

The take home of this article is the average American has no pension or retirement plan. Now that the federal government owns the majority share in 185 MEPF's. It's only reasonable to combine them with other retirement assets to create a pension fund for all. Social Security, Public Pensions, all of the accrued TAX FREE gains of 401k's and private pensions, combined into one big pension pie. This isn't my idea, it is the well documented published policy of the progressive LEFT. Be careful of what you WISH/VOTE for.

It said no such thing. Bubba outright lied!! The article does not mention "average American" nor does it say anything about "government owns the majority share in 185 MEPF!" YOU ARE LYING JUST LIKE YOU LIED WHEN YOU SAID JEFF WAS EMAILING YOU WITH DEROGATORY REMARKS ABOUT PEOPLE ON TB!

 

[ABF381]

It said no such thing. Bubba outright lied!! The article does not mention "average American" nor does it say anything about "government owns the majority share in 185 MEPF!" YOU ARE LYING JUST LIKE YOU LIED WHEN YOU SAID JEFF WAS EMAILING YOU WITH DEROGATORY REMARKS ABOUT PEOPLE ON TB!

That is true....but you must admit he is entertaining....

 

[SuperCourse]

It said no such thing. Bubba outright lied!! The article does not mention "average American" nor does it say anything about "government owns the majority share in 185 MEPF!" YOU ARE LYING JUST LIKE YOU LIED WHEN YOU SAID JEFF WAS EMAILING YOU WITH DEROGATORY REMARKS ABOUT PEOPLE ON TB!

I think when he referred to "average American" he was pointing out that the government providing pension money for 1 million people out of a work force of 165 million puts those 1 million in a pretty exclusive club.

 

[ROADY]

I think when he referred to "average American" he was pointing out that the government providing pension money for 1 million people out of a work force of 165 million puts those 1 million in a pretty exclusive club.

Thank you, finally I can belong to an exclusive club. I thought you had to be a big buisnessman, Congress person or Senator [ not all of them just a certain brand] to be accepted in these exclusive clubs.

 

[Banned for Life]

It said no such thing. Bubba outright lied!! The article does not mention "average American" nor does it say anything about "government owns the majority share in 185 MEPF!" YOU ARE LYING JUST LIKE YOU LIED WHEN YOU SAID JEFF WAS EMAILING YOU WITH DEROGATORY REMARKS ABOUT PEOPLE ON TB!

You need to work on your reading comprehension skills! (broader problem, very wide swath of people) very well describes the average American. butch lewis will bail out 185 MEPF's less than 50% funded, hence the majority of assets came from the federal government. And what is this babble about Jeff e mailing me, are you mixing bourbon and opioids?

 

[Banned for Life]

I voted for you to keep working to fund my pension and it seems to be going VERY well.

I'm retired, I spent all day in the sunshine. Did you get away from the computer today?

 

[GO40]

That is true....but you must admit he is entertaining....

He’s certifiable at best....His idea of a good time is Watching people suffering from natural disasters & funerals....

 

[Homesick]

You need to work on your reading comprehension skills! (broader problem, very wide swath of people) very well describes the average American. butch lewis will bail out 185 MEPF's less than 50% funded, hence the majority of assets came from the federal government. And what is this babble about Jeff e mailing me, are you mixing bourbon and opioids?

"JEFF" just e mailed me, agreed whole heartedly with my assessment of the average ABF forum poster. Suggested you are a snowball, who needs to grow a pair. I suggested if you drank "lite" beer and lost some of that fat, your estrogen level would go down!

• Bubba Gump
• Post #8
• May 5, 2019
• Forum: ABF Freight

 

[Banned for Life]

"JEFF" just e mailed me, agreed whole heartedly with my assessment of the average ABF forum poster. Suggested you are a snowball, who needs to grow a pair. I suggested if you drank "lite" beer and lost some of that fat, your estrogen level would go down!

• Bubba Gump
• Post #8
• May 5, 2019
• Forum: ABF Freight

A normal person would have found that humorous, considering it was directed toward someone with a six pack tattooed to their gut. Maybe you should stick with the joke thread, develop a sense of humor!!!!!!

 

[Banned for Life]

"JEFF" just e mailed me, agreed whole heartedly with my assessment of the average ABF forum poster. Suggested you are a snowball, who needs to grow a pair. I suggested if you drank "lite" beer and lost some of that fat, your estrogen level would go down!

• Bubba Gump
• Post #8
• May 5, 2019
• Forum: ABF Freight

Are you a stalker, keeping track of my post from Cinco de mayo, 2019?

 

[Homesick]

I think when he referred to "average American" he was pointing out that the government providing pension money for 1 million people out of a work force of 165 million puts those 1 million in a pretty exclusive club.

When you start a sentence off with "The take home of this article is" means you are summarize the article you read.

 

[ROADY]

I'm retired, I spent all day in the sunshine. Did you get away from the computer today?

If anybody is on his computer more than you I don't know who it could be. You seem to spend most of your day trolling this forum. Get Puffy's e-mail address and both of you can be miserable together.

 

[Steward of the Rock]

You are reinforcing the stereotype some people have of the education system of the south.

Did you just "Turn The Page" and change your name there Bubba?

 

[Homesick]

If what I'm reading on nbcnews.com is true, then the covid19 relief bill passed the house and should be signed by President Biden on Friday

 

[Roadway spy]

Still going to have a age restriction of 65 so some will die and receive nothing. Bunch of crooks and always will be.

 

[choppernut]

So any fund that takes. The money has to restrict on age to 65 ?

 

[GO40]

So any fund that takes. The money has to restrict on age to 65 ?

Im in central Pennsylvania, my our pension is 84% funded. I’m probably leaving at 57 with 34 years....

 

[Homesick]

Still going to have a age restriction of 65 so some will die and receive nothing. Bunch of crooks and always will be.

I have not heard that. I very much hope it is a mistake for CSPF and all the pensions.