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RE: New pension law could force municipalities to raise... - 1/3/2011 9:10:09 PM   
EternalHoH


Posts: 791
Joined: 5/30/2010
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quote:

ORIGINAL: rulemylife
ERISA requires that promised pension benefits be adequately funded and that pension monies be kept separate from an employer’s business assets and held in trust or invested in an insurance contract.



Held in trust, (which is about as leak-proof as the Social Security trust fund)
or
Invested in an insurance contract (funded by the great Wall St ponzi scheme)


Good luck collecting under those conditions.



(in reply to rulemylife)
Profile   Post #: 41
RE: New pension law could force municipalities to raise... - 1/4/2011 8:59:48 AM   
willbeurdaddy


Posts: 11894
Joined: 4/8/2006
Status: offline

quote:

ORIGINAL: EternalHoH

quote:

ORIGINAL: rulemylife
ERISA requires that promised pension benefits be adequately funded and that pension monies be kept separate from an employer’s business assets and held in trust or invested in an insurance contract.



Held in trust, (which is about as leak-proof as the Social Security trust fund)




Clueless as always...on both counts.

_____________________________

Hear the lark
and harken
to the barking of the dogfox,
gone to ground.

(in reply to EternalHoH)
Profile   Post #: 42
RE: New pension law could force municipalities to raise... - 1/4/2011 9:37:21 AM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
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I dont know  Jims pension was $2500 a month- and his BFs is $4000 a month.   Not bad for state workers. 

(in reply to willbeurdaddy)
Profile   Post #: 43
RE: New pension law could force municipalities to raise... - 1/4/2011 6:47:12 PM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline


Read more at the Washington Examiner: http://washingtonexaminer.com/blogs/beltway-confidential/2011/01/new-law-creates-big-tax-headache-rental-property-owners#ixzz1A7pDyVBR

(in reply to pahunkboy)
Profile   Post #: 44
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