: [EMAIL PROTECTED]
Subject: [Mpls] Pensions and other Ponzi schemes
Vicky Heller writes
Our Listmanager posted a link about union contract negotiations at
Border's which reminded me of an important issue that I have
previously written about: The ticking time bomb of pension
shortfalls
Jim Bernstein states:
Pensions are earned. They are not welfare.
Vicky replies:
We need some arithmetic here.
If you contribute $50,000 to your retirement plan, and draw $500,000
of benefits after you retire, who pays the difference?
In the case of public pensions (including social security),
On Thu, 2 Oct 2003, Victoria Heller wrote:
Jim Bernstein states:
Pensions are earned. They are not welfare.
Vicky replies:
We need some arithmetic here.
If you contribute $50,000 to your retirement plan, and draw $500,000
of benefits after you retire, who pays the difference?
And what
Victoria Heller wrote:
We need some arithmetic here.
If you contribute $50,000 to your retirement plan, and draw $500,000
of benefits after you retire, who pays the difference?
Nobody pays in $50,000 to social security and draws out $500,000 unless
it's through disability or retiring early and
