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No New Rescue Plan

If your 62, pull your SS Benefits......take tour pension at 62 if you have more than 29 years paid in and live......of there is only 10-12 years left in the fund they fo get it NOW!.....wait later and it might only be 4 or 5 years.....get a government job and CSPF cant touch you. ...stand up and take the plunge!
 
Western States has a elected board, and can be voted out of a job if they fail, unlike Central States are appointed to a job until our money runs out. We are not allowed to hold them accountable.
 
The problem is not everybody used the same bait or you would have had the same results. One guy was serious about catching fish, while everyone else was drinking beer, and now all the drunks think that someone owes them fish, because the guide promised them fish. It don't work that way.
 
We can go on and on but the real options are limited. The fund is not going to survive unless you get rid of the dead weight, the orphans. There is a plan to partition the orphans away from the fund. That plan seems reasonable to me.
 
The real problem is most are trying to save the fund by sticking it to one of the other groups, retired, orphans, still working.
It has failed, get your piece of your pie and move on.
It's done, face reality, shut it down, pay us each our share.
 
Dracula said:
We can go on and on but the real options are limited. The fund is not going to survive unless you get rid of the dead weight, the orphans. There is a plan to partition the orphans away from the fund. That plan seems reasonable to me.
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Not looking to argue but just who are considered to be orphans? I don't think that anyone who earned their pension credits should be considered as orphans and thrown under the bus. Do you think that retirees from companies that shut down back in the 70s should be classified as orphans? I don't think they even had underfunding and withdrawal liabilities back then. Wasn't it Zollars that first came up with the so called pension orphan issue? Do you think that all YRCW retired Teamsters should be considered as 3 quarters of an orphan? I don't.
 
SuperCourse said:
Pension Funds Pile on Risk Just to Get a Reasonable Return

Thanks to rock-bottom interest rates in the U.S., negative rates in other parts of the world, and lackluster growth, investors are becoming increasingly creative—and embracing increasing risk—to bolster their performances.

To even come close these days to what is considered a reasonably strong return of 7.5%, pension funds and other large endowments are reaching ever further into riskier investments: adding big dollops of global stocks, real estate and private-equity investments to the once-standard investment of high-grade bonds. Two decades ago, it was possible to make that kind of return just by buying and holding investment-grade bonds, according to new research.

http://www.msn.com/en-us/money/savi...sk-just-to-get-a-reasonable-return/ar-BBtHGEl

This is how The Federal Reserve is hurting most of us. The workers, the savers, people who were promised pensions. The Federal Reserve........abolish it.
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fedds_dees.jpg

DCAnMAXXkAADoym.jpg:small
 
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Kennesaw Kid said:
If your 62, pull your SS Benefits......take tour pension at 62 if you have more than 29 years paid in and live......of there is only 10-12 years left in the fund they fo get it NOW!.....wait later and it might only be 4 or 5 years.....get a government job and CSPF cant touch you. ...stand up and take the plunge!
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I'm with you KK. 1 1/2 years.
 
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