Archived Pensions may be cut to 'virtually nothing' for 407,000 people (money.cnn.com)
submitted ago by sturle
Posted by: sturle
Posting time: 4.5 years ago on
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Archived on: 2/12/2017 1:51:00 AM
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Archived Pensions may be cut to 'virtually nothing' for 407,000 people (money.cnn.com)
submitted ago by sturle
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[–] 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"
[–] 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?