Good. People need to learn that letting government run defined benefit plans is never sustainable, and that you need to demand private accounts to protect both your own retirement and the taxpayer from these ponzi schemes.
Apparently Bernie thinks it's a government scheme, which requires action in the form of a law named "Keep Our Pension Promises Act". I wonder if he would keep the promise he made for the person I bought my car from, so I don't need to pay what I promised.
[–] daskapitalist ago
Good. People need to learn that letting government run defined benefit plans is never sustainable, and that you need to demand private accounts to protect both your own retirement and the taxpayer from these ponzi schemes.
[–] 5263439? ago
This is a private pension company...
[–] daskapitalist ago
As is inevitably the case, private* pension company needs a boatload of asterisks.
From the article:
"Only government funding, either to the Central States Fund directly or through the PBGC, can fix the problem, he said"
[–] gota_party 0 points 1 point 1 point (+1|-0) ago
"Defined benefit" is the key issue though.
Apparently Bernie thinks it's a government scheme, which requires action in the form of a law named "Keep Our Pension Promises Act". I wonder if he would keep the promise he made for the person I bought my car from, so I don't need to pay what I promised.