I have maintained for years that, not only do companies not adequately fund pensions (I'd say all of the recent terminations are prime facie evidence), but the PBGC had inadequate funding standards (the terminations again).
Here is the most insight I have read on the matter to date.
http://www.msnbc.msn.com/id/9622990/site/newsweek/
Frankly, I am so pi$$ed, I am going to be brief, go on a weekend vacation, and try again next week.
What this means is, not only did your CEO knowingly shortchange you, but the PBGC was complicit.
Which mean our elected officials were in on the act.
Only this year have the pols gotten around to tightening PBGC rules, fearing the impending taxpayer bailout as companies continue to socialize their obligations.
Can you say close the barn door, the horse is gone?
Here is the most insight I have read on the matter to date.
http://www.msnbc.msn.com/id/9622990/site/newsweek/
Frankly, I am so pi$$ed, I am going to be brief, go on a weekend vacation, and try again next week.
What this means is, not only did your CEO knowingly shortchange you, but the PBGC was complicit.
Which mean our elected officials were in on the act.
Only this year have the pols gotten around to tightening PBGC rules, fearing the impending taxpayer bailout as companies continue to socialize their obligations.
Can you say close the barn door, the horse is gone?
