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Old November 29th, 2012, 06:35 PM   #51 (permalink)
kevincott
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Quote:
Originally Posted by 350X View Post
Sad tp say that is very common, pension funds are the last to get paid after a company starts to fail, banks and everyone will get paid first, if there is any left, then a pension might get paid out on a small % of the original.

why you never do company run pension or stock retirement, any conflict of intrest, will mean you lose.

control your own money.

besides pensions, taxes and SS money often doesn't get paid either, but you just don't see a loss as the GOV doesn't make you pay for what they took from your check for that but never sent in.
Most unions insist that pension funds are held by a third party (contract dictated), takes the threat of bankruptcy out of the equation.
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