Congress planning to BAIL OUT 200 pension funds!!

[ShootSpeeders]

This is what happens when you put a semi-literate affirmative action baby like obozo in the WH. He gave us 8 years of super-low interest rates and that has destroyed nearly all pensions.

Congress quietly formed a committee to bail out 200 pension funds – GOVTSLAVES.INFO

march 21 2018 The US pension system has gotten so bad, Congress is actually planning for its failure.

As the government was working on the recent, new budget deal and subsequent boost in government spending, Congress quietly snuck in a provision that forms a committee which would use federal funds to bail out as many as 200 “multiemployer” pension plans – where employers and labor unions jointly provide retirement benefits to employees.

As is often the case, this rescue “plan” is too little too late. The US pension system is beyond repair. And if you’re depending on pension income to carry you through retirement, it’s time to consider a Plan B.

Pensions are in such bad shape today for the simple reason that investment returns are too low. And pensions can’t cover their future obligations.

Pension fund managers invest in assets like stocks, bonds and real estate in hopes of generating a safe return.

Most funds require a 7%-8% return in order to meet their future liabilities.

But with interest rates near record lows, these funds are having to take on more risk in order to meet their minimum return requirements. They’ve reduced their bond allocations and started buying more stocks, private equity and other riskier assets.

 

[TomParks]

Sooner than later the well runs dry......we have retired teachers in PA getting as much in pension than when they worked. its going to come down hard.

 

[ShootSpeeders]

Sooner than later the well runs dry......we have retired teachers in PA getting as much in pension than when they worked. its going to come down hard.

It's vote buying. Democrats give out freebies to stay in office and know when the bill comes due they will be dead or retired.

 

[LoneLaugher]

Congress is run by the GOP. Nice of the GOP to buy those Dem votes.

Moron.

 

[ShootSpeeders]

Congress is run by the GOP. Nice of the GOP to buy those Dem votes.

Moron.

HAHAHA. You have no idea what this thread is about do you?

 

[LoneLaugher]

Congress is run by the GOP. Nice of the GOP to buy those Dem votes.

Moron.

HAHAHA. You have no idea what this thread is about do you?

Sure do. Do you?