Thursday, November 17, 2005
The Pension Benefit Guaranty Corp.
Very few people have hear of this FEDERAL corporation.....It
is something like Social Security.....If an employee had a
pension plan with a company and the company went bankrupt
then the Federal Government stepped in an covered the
pension payment.......Good in theory if there are no
bankruptcies.....
Well all you young working people, be prepared to start forking
up some more tax money to cover "dad's" pension.....The PBGC
is 22.8 BILLION in the hole.....If you can not contribute to the
marine gas for "dad's" boat fear not, the Government will take
it from you and give it to him anyway......Pumps
is something like Social Security.....If an employee had a
pension plan with a company and the company went bankrupt
then the Federal Government stepped in an covered the
pension payment.......Good in theory if there are no
bankruptcies.....
Well all you young working people, be prepared to start forking
up some more tax money to cover "dad's" pension.....The PBGC
is 22.8 BILLION in the hole.....If you can not contribute to the
marine gas for "dad's" boat fear not, the Government will take
it from you and give it to him anyway......Pumps
# posted by Pumps @ 4:55 AM 
