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"don't be surprised if your company automatically enrolls you"

How is this putting "workers in control?"

The markets need more ca$h infusion now, not later. The aging of the baby boomers will tank the financial markets in 10 years for another 30 and Social Security will be broke by 2047 anyways.

Corporate America as well as the States have been underfunding their Pension Plans for years. The solution seems to end Defined Benefit Pension Plans altogether. Companies can declare bankruptcy to absolve themselves of their responsibility as we saw with United Airlines. Looks like this will hit GM and Ford within 2 years.


4 posted on 08/20/2006 3:37:44 PM PDT by PageMarker
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To: PageMarker
Hey!..don't worry about it....The gummunt and Helicopter Ben, will see to it everybody is paid every "dollar" they're owed!!!...just don't be surprised when your $30,000 annual pension that u were promised, only buys you a few loaves of bread....It ain't about "dollars"..its about a store of value...just ask Greenspan > http://www.321gold.com/fed/greenspan/1966.html
5 posted on 08/20/2006 6:04:48 PM PDT by M-cubed (Why is "Greshams Law" a law?)
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To: PageMarker
"The solution seems to end Defined Benefit Pension Plans altogether."

so be it.....

however, this will usher in the new two tier system, with the favored govt workers of every stripe receiving huge payouts that are guarenteed......

it must mean that their work is more "important" than the rest of us.......

6 posted on 08/20/2006 6:09:18 PM PDT by cherry (.)
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