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#1
05-02-2012, 10:59 AM
 Public pension plan files for bankruptcy Part of the problem has been the generosity of the pension plan. While the defined benefit program was designed to serve retirees and their spouses, the fund had permitted the grandchildren and great-grandchildren of the first generation of retirees to receive benefits after the original retiree died, according to court documents. |
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Multi-Quote| 05-02-2012, 10:59 AM | |
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#2
05-02-2012, 11:13 AM
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How many private pension plans are woefully underfunded and/or have been taken over by the PBGF?
Why is this even worthy of a thread? |
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#3
05-02-2012, 11:21 AM
The next big financial disaster. Coming soon to a state near you... |
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#4
05-02-2012, 11:23 AM
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It's important because almost every state need pension reform.
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#5
05-02-2012, 11:24 AM
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#6
05-02-2012, 11:28 AM
Because public plans look a lot better historically (seeing as this one may be the first to fail)? |
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#7
05-02-2012, 11:34 AM
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#8
05-02-2012, 11:40 AM
Why does that make comparing the relative historical performance irrelevant? |
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#9
05-02-2012, 11:41 AM
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#10
05-02-2012, 11:47 AM
Of course, that's just my opinion.
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#11
05-02-2012, 12:39 PM
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#12
05-02-2012, 12:46 PM
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I'm guessing in the future government workers will be moved over to a 401K type retirement plan, much as has happened in private industry.
Seems many states have underfunded pension funds. Politicians like to make many promises to buy votes, and people want to believe the lies. If I was a government worker, I would be concerned and making additional plans for retirement funding. "Pension Meltdown in Lousiana" http://blogs.the-american-interes...-lousiana/ |
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#13
05-02-2012, 01:11 PM
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#14
05-02-2012, 01:11 PM
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#15
05-02-2012, 01:17 PM
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