Quote:
Originally Posted by BlackCrayon
sounds like a great idea, pay into retirement only to get nothing because the company decides its cheaper to claim bankruptcy than to pay out retirement money and benefits. all retirement funds should be managed and insured by third parties. that should be law. that would eliminate this problem, wouldn't it?
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So it's both the company or government's responsibility to take care of you now?
I guess in your world, there is no personal accountability for investing some of your $20-30.00/hour over the 20-30 years you had that job back into your own retirement and financial planning.
You basically are wishing upon a star, despite the writing has been on the wall about this financial crisis, pensions, and alike since I was a kid. I am now 40. I guess when the warning signs were flashing in people's faces for FOUR DECADES, they thought the magic taxpayer tooth fairy was going to come and grant some wishes and re-fund their pensions for them.
