Looming Pension Crisis

[Displaced Bama Fan]

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Is your pension secured?

http://news.yahoo.com/s/washpost/200...ension_default

What would you do if your pension plan went belly up or if your parents' pension plan did?

[Bamaro]

Just curious, how many people work for companies now that give pensions. Most now only have 401Ks and thats all that I have ever had..

[ga_tide_fan]

The company I work for offers a pension for now... It will not be long before it is dumped on the taxpayers however... We are on a Cash Balance Pension... I can take the money as a lump sum upon retirement or monthly...

The PBGC knows we are coming and 66,000 employees know we are headed towards the PBGC...

If you want to know who I work for just think Atlanta / Hartsfield / largest carrier.

[Displaced Bama Fan]

My employer offers both pension and 401K matching. To say it's sweet is an understatement.

[Displaced Bama Fan]

	Quote:	ga_tide_fan
	The company I work for offers a pension for now... It will not be long before it is dumped on the taxpayers however... We are on a Cash Balance Pension... I can take the money as a lump sum upon retirement or monthly... The PBGC knows we are coming and 66,000 employees know we are headed towards the PBGC... If you want to know who I work for just think Atlanta / Hartsfield / largest carrier.

Do you fly the friendly skies?

[TIDE-HSV]

Delta. The funding rules for defined benefit plans have been progressively relaxed for the last ten years or so. It's coming home to roost...

[ga_tide_fan]

Yeah, I am a Delta employee... WE do have a Cash Benefit Pension right now.. We also have 401K with a 2% match up to 4%... I hope management here at Delta finds a way to retain our pensions but it does not look good. After United and UsAirways both dump their pension it will force Delta and all carriers with underfunded pension plans to do the same just to be able to compete financially. If Congress does give in to the pension reform being lobbied in Washington it will help and not cost the taxpayers anything more than what United has already dumped on them.

Anyone know of a good job making about 45,000 per year? I am proficient in SAP, XP, Excel, Powerpoint, Word, and BRIO. Ex-military with stellar job reviews and great references. I love my current job but will pursue any option to better myself. Right now my job title is Production Control Scheduler.

[CrimsonVan]

Just starting Law School so no....my pension is not secure