1. All employers have a social media policy, Your identity is UNKNOWN on Truckingboards unless you reveal it somehow yourself. When you post to Facebook Trucking Groups, everybody knows your name. Think about it.

Ge To Freeze Pensions For About 20,000 Employees, Stock Surges

Discussion in 'Central States Pension Fund Discussion' started by Jaloc, Oct 7, 2019.

  1. Jaloc

    Jaloc Well-Known Member

    Messages:
    1,432
    Likes Received:
    1,021
  2. jimmy g

    jimmy g Kook

    Messages:
    23,026
    Likes Received:
    19,270
    Driver Since:
    1970
  3. Jaloc

    Jaloc Well-Known Member

    Messages:
    1,432
    Likes Received:
    1,021
    It ensured loyalty to the company everyone used to have pensions now you get to work until you die. Most people are not disciplined enough to save for their own retirements especially if you make less than $75,000. How are you supposed to save 20% in a 401k or IRA you need the money to live on now.
     
    Pup Driver likes this.
  4. SAC75

    SAC75 Well-Known Member

    Messages:
    3,071
    Likes Received:
    2,992
    What? That’s just retarded. I know plenty of people that retire on a 401k. To say that you can’t is ignorance.
     
    pltjack likes this.
  5. canaryinthemine

    canaryinthemine Retirement....The Job I Was Born To Have!

    Messages:
    5,501
    Likes Received:
    7,448
    Driver Since:
    1975

    There’s a difference of opinion on that. I also know people who have retired on a 401(k) only.......and one bad medical experience shot down all their planning.

    There are commercials on TV about “running out of money during retirement “........
    If it doesn’t happen,.....why are they making commercials about it?

    Kind of hard to run out of money with a defined-benefit pension......unless Congress colludes with Union “ leadership”.....to cut your benefit.
     
    icuicp likes this.
  6. jimmy g

    jimmy g Kook

    Messages:
    23,026
    Likes Received:
    19,270
    Driver Since:
    1970
    Nothing to do with Mathematics, huh????
     
  7. SAC75

    SAC75 Well-Known Member

    Messages:
    3,071
    Likes Received:
    2,992
    Weird, my dad and all of his brothers and sisters retired on a 401k. I’m in central states. You know, the pension fund that’s going bankrupt in the next couple of years. Tell me again how it’s hard to run out of money on a defined-benefit pension. Enron ring a bell for ya? my grandpa had a pension threw them and got his pension cut to 1/3. Didn’t your pension get cut. Your fund is proof you are wrong.
     
  8. canaryinthemine

    canaryinthemine Retirement....The Job I Was Born To Have!

    Messages:
    5,501
    Likes Received:
    7,448
    Driver Since:
    1975

    Yes, my pension got cut.......but I’ll have a monthly check until I die,.....and then my wife will have it. I don’t have to worry about a nest-egg in the hands of unscrupulous people.
    I will just adjust my style of living......Frankly, I planned on a potential cut.
    At a certain point, the PBGC is responsible for my pension. I will have a legal claim,.....along with thousands of others,....if they don’t fund PBGC....
    And.....the politicians will take the heat for thousands of lost pensions.....

    But,.....a friend of mine retired because he was worried about his health on the job......Not quite SS,.....
    Diagnosed with cancer........In the process of blowing through his nest-egg.....
    He will be left with Social Security only......

    Medicare for All would sure help him.....
     
    icuicp, Retread and SAC75 like this.

Share This Page