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originally posted by: toysforadults
a reply to: EternalSolace
See how the market reacts to the Fed tomorrow.
Me thinks the balance sheets are about to start increasing again real soon.
All depends who gets paid out first...and that can be legislated.
originally posted by: ketsuko
a reply to: JohnnyCanuck
Your contract is only as good as the party you made it with.
If the person you signed with goes under, then there isn't much that can be done.
originally posted by: St Udio
I recall a bunch of years ago... there was a stink about Pensions ----> so the big push was for a new system of Defined Benefits Plans to replace the 'Iffy' Pension system of retirement pay...
which just amounted to: a Lobby of Big Employers pushing their weight & power to get-off-the-hook from ever increasing pay-outs to the 'riff-raff' (non executive class)
i don't follow the constant changes of the issue, 'cause im not in law
originally posted by: JohnnyCanuck
originally posted by: St Udio
I recall a bunch of years ago... there was a stink about Pensions ----> so the big push was for a new system of Defined Benefits Plans to replace the 'Iffy' Pension system of retirement pay...
which just amounted to: a Lobby of Big Employers pushing their weight & power to get-off-the-hook from ever increasing pay-outs to the 'riff-raff' (non executive class)
i don't follow the constant changes of the issue, 'cause im not in law
I think you have that reversed...defined benefit is you get what was contracted. Defined contribution means you put in what you put in and your pension is based upon the performance of the fund. In my case, both employee and employer contribute to the plan, and generates an agreed-upon sum which is indexed to inflation as well.