You are viewing a single comment's thread.

view the rest of the comments →

0
0

[–] 5263439? ago 

This is a private pension company...

0
1

[–] gota_party 0 points 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.

0
0

[–] 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"

0
0

[–] 5263657? ago  (edited ago)

Private as in failed.

Oh well. The market will decide which pensions survive. Pensioners can eat dog food. Better they starve than the government step in, am I right?