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    I agree 100% with your posting. But what is the...

    I agree 100% with your posting. But what is the fix? Change the rules so that those pension funds that can't buy shares on the stock market would now be allowed to do so as most pension funds can...
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    The headlines today about GE is freezing pensions...

    The headlines today about GE is freezing pensions for 20,000 on BloombergTV. Shades of things to come. Trillions are owed to almost every major pension plans combined. tick toc tick toc.
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    Heck of a pickle to be involved with a faulty...

    Heck of a pickle to be involved with a faulty pension plan. I think most are well beyond repair or salvaging at this point in time. The employees needed to contribute more, and the city or state...
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    Thanks for the link Everything1. Matt Taibbi is...

    Thanks for the link Everything1. Matt Taibbi is one of USA's great reporters. Although this article is old, the same stuff goes on today, and by that I mean, to many middlemen fleecing the lamb. Pigs...
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    There will always be some form of socialism....

    There will always be some form of socialism. Bailing out the rich, the farmers and welfare. Perhaps the end of pensions as we know it in todays form.

    There was a great show on Frontline that dove...
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    Many are trapped and can't get out of pension...

    Many are trapped and can't get out of pension plan contributions like myself for 34 years of work. There was no opt-out clause. But our pension plan been topped out by the company I worked for plus...
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    Not much in the news about the pensions in...

    Not much in the news about the pensions in crisis, seems like other stuff grabbing the headlines these days. Any new news?
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    I saw a short interview on TV about how Oregon is...

    I saw a short interview on TV about how Oregon is try to save their pension plan....sorry I don't have a link. Probably google for the info if you're interested.

    Anyways, the Lady Gov. mentioned...
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    Yes, that too is a travesty. I remember them as...

    Yes, that too is a travesty. I remember them as the go to place for us country bumpkins. I really didn't like them selling off the Craftsman brand either.
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    It's a mess alright Red. Problem is how do you...

    It's a mess alright Red. Problem is how do you start over from scratch or is it even possible?
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    I see Illinois is the #1 state where people are...

    I see Illinois is the #1 state where people are moving out of due to taxes & pension problems. Not good Red. Not sure if it is tied just to the residents leaving or if it includes businesses as well....
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    Yes, I agree with you 100%. Seems like those in...

    Yes, I agree with you 100%. Seems like those in power don't have any common sense. Band aids only work for so long before they too have to pay the piper.
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    The demographic info was well known 20 years ago,...

    The demographic info was well known 20 years ago, but they didn't compensate for it. Sounds to me that a lot of the prohibitive state laws need to be either re-written or revamped. I'd be surprised...
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    A tangled web of laws alright.

    A tangled web of laws alright.
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    Perhaps a nation GST tax. (Goods and Services...

    Perhaps a nation GST tax. (Goods and Services Tax) That way doesn't affect companies leaving or threatening to leave. Then the Fed's turn the extra funds over to the States. We have a 12% GST up...
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    Sad indeed. Law makers in power are in a tight...

    Sad indeed. Law makers in power are in a tight spot, do they have the balls to raise the corporate tax rates and risk getting voted out of office, or get voted out of office by irate pensioners? They...
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    I don't think voting is a waste of time. Easy way...

    I don't think voting is a waste of time. Easy way to get rid of dead wood. This short-fall in pensions should be made a major issue in up coming elections. Probably too late in States where they are...
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    I don't even know how to respond to those...

    I don't even know how to respond to those numbers. Move to Canada Red...lol. Almost free health care..lol
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    How are they going to pay for all these pensions,...

    How are they going to pay for all these pensions, create more Muni Bonds? The citizens better start getting active as it's their money/taxes funding these hogs. Sure no easy way out of this mess is...
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    Jeez..how does the taxpayer win when it's stacked...

    Jeez..how does the taxpayer win when it's stacked against them. Voters need to get more active and get rid of these hogs.
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    If anything is flawed and set in stone then it's...

    If anything is flawed and set in stone then it's doomed for failure. Somebody better wake up and shake the tree and start from zero again.
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    Are there any cities that is doing okay with...

    Are there any cities that is doing okay with their pension plans and meeting obligations or are they all in trouble? Guess they need to go broke before setting the re-set button on contracts.
    ...
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    Perhaps I should have been clearer. I think the...

    Perhaps I should have been clearer. I think the contracts should have had employee's contribute more to the overall pension plans. The closer to my retirement date, my contributions rose...
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    Has there ever been a data list of where all this...

    Has there ever been a data list of where all this pension money has/had been invested? eg: Bonds vs Stock market vs Real estate

    I think there wasn't enough employee contributions deducted for...
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    Thanks for all the research and digging Red and...

    Thanks for all the research and digging Red and others as well.

    Nothing gets under my skin more than these types of agreements or so called contracts where taxpayers take it up the old hooter. Not...
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