Pension plans that own 84% of the stock market.
Apparently you are UNAWARE that 97 percent of all defined benefit pension plans...................
meaning the ones YOU CLAIM OWN THE STOCK MARKET...................................
are RUNNING MASSIVE DEFICITS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
And they are IN GRAVE DANGER OF GOING BANKRUPT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
UNless of course LIE-berals can find a new source of gravy to dump into those pension plans ....................
MUCH FASTER THAN THEY EVER HAVE BEFORE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Apparently you are unaware of the LIE-beral effort to HIDE the OVER ONE TRILLION DOLLARS...................................
worth of LIE-beral pension IOU`s that were issued to our civil service union HOGS in exchange for their votes!!!!!!!!!!!!!!!!!!
We did not have the money when LIE-berals made the promises.....................................
and we have EVEN LESS MONEY NOW!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Of those defined benefit pension plans - virtually ALL the beneficiaries ARE CIVIL SERVICE UNION HOGS!!!!!!!!!!!!!!!!!!!!!!!!!!
The remainder of those who are signed onto defined benefit plans are people such as former General Motors workers.....................
who have seen TWO DEVALUATIONS of their benefits - in order to keep what remains of their pension plan reasonabley solvent!!!!!!!
Or the laid off Sears workers who found out that their pension plan had been mostly eaten up by DEBT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Same nasty problem of debt eating other plans for groups like Nortel and etc!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
And the situation is getting WORSE - NOT BETTER!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Several years back here in Ontari-owe - Wynne-bag LIE-berals passed NEW LEGISLATION letting many corporations OFF the pension hook!!!!!!!!!!!!!
Yes- here in Ontari-owe a pension plan is now considered SOLVENT if it has enough cash to meet 85 percent..........................
of its expected fiscal obligations!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
LIE-berals TRULY LOVE that buy now and pay later bait and switch crap!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
In other news - I know of a company that had a defined benefit plan - and the new company owner switched his white collar workers
over to an allegedly "better" plan that would give a higher rate of interest..............................
but the general manager was AN IDIOT and he left some key paper work laying around..........................
where it was found and read and discovered to be the FULL DETAILS of the new pension plan ........................
that was ACTUALLY OFFERING ONLY PROFIT SHARING!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
There WAS NO ACTUAL PENSION AT ALL!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Yes - new the boss TOOK AWAY an honest but modest pension plan and replaced it with one that would.............................
provide much higher returns IF the company made a profit!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
With the boss making plans to syphon off any interest generated by employee contributions - to HELP HIS BOTTOM LINE!!!!!!!!!!!!
And this DID NOT make worker morale improve.............................
because there were ALREADY BITTER DISPUTES going on regarding STUPID CHOICES made by the general manager!!!!!!!!!!!!!!!
This is the ugly future of pension plans in Canada!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
In the years ahead there are going to be A WHOLE LOT OF retired PEOPLE receiving their first pension cheque and asking:::::::::
"WHERE THE FCUK IS THE REST OF IT"????????????????????????????????????????
Welcome to our bankrupt LIE-beral mandated future!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!