We'll all feel pension pain :: CHICAGO SUN-TIMES ::
I can't help but get steamed when I see stories of this sort. If only the "Worker" had the ability to put their hard-earned money into "Savings Accounts", without being muscled into "Employee Contributions" that they have little or no control of. It just stinks, when any "Appointed" Tom, Dick, or Harry, can "Dip" into those funds without the "Unanimous Consent" of employee's, no matter what industry one works in.
When things spiral out of control to such a level as this, workers have to take into consideration if "Trusting" their employer's, and unions, with their hard-earned money is worth the risk? The way things are going, it would appear that the worker should refrain from giving them their money, and just saving, or investing it themselves. After-all, it's their retirement, not the companies or unions. When you really think about it, it's the workers of these pension funds that gets a double tax whammy. And by the way, why should the taxpayer get screwed for some dummies mis-use of those funds anyway? Did you get "Unanimous Consent" from the people in those pension funds? I doubt it.
For those that yammer, "Take our Country back", I think it's about time you took your money back and put it into a savings account. That's what saving for retirement was all about, not a ponzi scheme.
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