PebHmong Discussion Forum
General Category => General Discussion => Topic started by: hmgROCK on October 16, 2018, 12:51:26 PM
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i wrote a thread a while back.
how a lot of companies don't have the money $$$ to paid pension to their retireee
not just SEARS
but like others companies out there that still offer a pension plan
i know we got a lot of government worker in here
thinking they do 30 years and just retire and live in the government pension
LOL
the US government is deeply in debt
my solution is to not just count on the pension alone
but make sure you are saving, investing, 401k, etc....
along with pension if it still there
and I AM BEING A REASONABLE PERSON
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my pension warning thread
http://www.pebhmong.com/forum/index.php/topic,393817.msg4920601.html#msg4920601 (http://www.pebhmong.com/forum/index.php/topic,393817.msg4920601.html#msg4920601)
pension,......just like social security
"might" not be there
what you need to be doing on the side
is saving, 401k, investing, etc....
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Thanks, prof.
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keep laughing and ganging up on me with your PH friend
you going learn one day
O0 O0 O0
https://www.forbes.com/sites/ebauer/2018/10/15/sears-bankruptcy-the-pbgcs-debt-and-your-retirement/#5c1568652fb3 (https://www.forbes.com/sites/ebauer/2018/10/15/sears-bankruptcy-the-pbgcs-debt-and-your-retirement/#5c1568652fb3)
If Sears, once the nation’s largest retailer, declares bankruptcy, it could cause one of the biggest pension defaults in U.S. history, but the government would step in to keep checks coming to more than 90,000 retirees.
The company’s long-term pension obligations, which have been underfunded by more than $1 billion for years, would be covered by the federal Pension Benefit Guaranty Corp., which has footed the bill for nearly 5,000 failed employer pension plans since its founding in 1974.