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[–] NamelessCrewmember 0 points 1 point (+1|-0) ago 

Worked for 25 years, collected benefits for 35. Sears had 12000 employees, 16000 receiving pension benefits. Huh. Is that part of why they went out of business?

Many Cities are worse off, teachers unions as well. Too many benefits out, not enough earners. The pension bombs are going off all over the world.

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[–] Rotteuxx [S] 0 points 1 point (+1|-0) ago 

Mainly why I don’t believe in pension funds, their all bound to go belly up.

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[–] NamelessCrewmember 0 points 1 point (+1|-0) ago  (edited ago)

I've met several hedge fund types that manage pensions. Criminals, all of them. That's the world they play in and who they compete against. They don't care about you or your decades of loyal service day in and day out.

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[–] goatsshadow 0 points 1 point (+1|-0) ago 

When I worked in insurance a lot of the older policies ended at 100. Including Senior 10 which was our big seller for seniors... It's pretty brutal though and a go fund me is probably in order imo.

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[–] Rotteuxx [S] 0 points 1 point (+1|-0) ago 

Yep, although at that age it's only natural for her son to care for her.

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[–] derram 0 points 2 points (+2|-0) ago 

https://archive.fo/F0KGT | https://files.catbox.moe/tzd5yu.png :

100-year-old former Sears worker's health benefits and insurance axed - New Brunswick - CBC News

'The Ontario Superior Court cleared the way on Friday for Sears Canada to liquidate the remainder of its stores. ', "In recent years, he said he was growing more aware of the company's precarious outlook, but Legood wasn't expecting his mother's health benefits and insurance to disappear.", "Legood said he's been keeping the news about Sears Canada from his mother, because of fears for her health."

'"Her health benefits ended Sept. 30, her life insurance policy ended Sept. 30 because they're no longer paying the premiums to the group plan," said Legood. '

'Days after Lisa Okill turned 100, her son found out the health benefits and insurance his mother acquired after working 26 years with Sears Canada would be disappearing along with the company. '

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