Originally Posted by
FoxHunter
"............ But employers felt that requiring companies to use pension money only to pay pensions made no sense.”
Excerpt From: Ellen E. Schultz. “Retirement Heist.” Portfolio/Penguin, 2011-09-15. iBooks.
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I'm not a lawyer nor historian but weren't there laws protecting pension funds put in place because of these previous abuses? Of course there always seems to be loopholes to circumvent these laws and we are not permitted to execute the corrupt CEO's that abuse the system! One certainly needs to have faith in a "promise"! I personally would like to see a higher B fund contribution!