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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.