Results 61 to 70 of 179
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12-01-2012, 03:35 PM #61
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12-01-2012, 03:52 PM #62
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12-01-2012, 04:33 PM #63
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12-01-2012, 10:47 PM #64
- Join Date
- Dec 2011
- Location
- Republica de Tejas
- Posts
- 2,792
Thanked: 884First time I made a trip to "Joyzee", I was really surprised at some of the BEAUTIFUL country up there. Thought the "jug handles" at intersections was a nice touch too. Didn't like the fact that where I ended up had a NO IDLING law for trucks as it was colder than a well digger's bum when I was there. Spent a cold night in the sleeper that night.
Oh, the people tawk funny too. They sound like the folks at Port St Lucie, FL!Member Tonkin Gulf Yacht Club, participant SE Asia War Games 1972-1973. The oath I swore has no statute of limitation.
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12-02-2012, 03:27 AM #65
Make your own twinkies
How To Make Twinkies! - Video
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12-11-2012, 04:38 PM #66
***UPDATE***
Wow Gents: just wow...
If you read today's obscure news you'll find that they were raiding the staffs pensions to keep the company solvent. That's just stealing if you ask me!
More importantly!! For the first time (for me anyway) you hear that that is exactly why the union was putting up the fight!
If that really is the case - and seemingly it is -> the Union was 100% right!!
I read the story and really began to question if more regulation is really wrong! It reeks of the United States government dipping into our social security! Hope the man never goes broke .David
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The Following 2 Users Say Thank You to earcutter For This Useful Post:
mapleleafalumnus (12-11-2012), Mvcrash (12-12-2012)
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12-11-2012, 04:44 PM #67
My friend in NJ, who recently retired after driving for wonderbread for decades, said that they hadn't paid into the pension fund in years. They just stopped paying some time back. Indeed that was one of the contentions between the unions and the company. The teamsters signed on in spite of that but the bakers were not going to continue under those circumstances.
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The Following User Says Thank You to JimmyHAD For This Useful Post:
mapleleafalumnus (12-11-2012)
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12-11-2012, 04:48 PM #68
Rightfully so Jimmy - Jeepers man! I don't know how I missed that!
Seriously, no one likes to see a company fail but... when the writing is on the wall. It's like a flood taking the bottom two feet of you house and deciding to paint the top seven to make it look good lol. When its done... it's done.David
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12-11-2012, 04:49 PM #69
That is a very common tactic. Outfits do that all the time.There is no law saying a private company can't go into the pension funds and remove the funds especially in situations where the employees contribute nothing to the plan or if they do as long as the employee contributions aren't touched. if they are that becomes a criminal matter.
One of the reasons many of the state and local govt pensions are underfunded is because the govt is supposed to match the weekly deductions and many simply stopped doing that years ago. The Federal Govt commonly raids the pension funds whenever there is a fiscal crisis and removes billions with the promise to make it whole again.No matter how many men you kill you can't kill your successor-Emperor Nero
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The Following 2 Users Say Thank You to thebigspendur For This Useful Post:
mapleleafalumnus (12-11-2012), Mvcrash (12-12-2012)
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12-11-2012, 05:03 PM #70
- Join Date
- Mar 2012
- Location
- Thunder Bay, Ontario, Canada
- Posts
- 17,311
Thanked: 3228Pensions have always been a bone of contention. I don't know what the regulations are in the US but here in Ontario there is a provincial government department that is supposed to regulate company/employee co-pay pensions. They are supposed to oversee how the funds are invested to ensure that they are not in extremely risky schemes. Also, they can and have allowed companies to take "holidays" from their obligation to top up the pension plans. The upshot is that many pension funds are underfunded to the tune of 20% or more. You could easily wind up in a situation where the company goes south and in the government supervised windup of your pension plan you have your pension drastically reduced. So even if pensions are regulated there are loopholes for companies to borrow from plans by being allowed to take holidays from topping up. Virtually no pensions are 100% safe. I am talking about a defined pension benefits plan where there is a formula that fixes/guarantees the amount of money you receive on pension. That is opposed to non defined where you pays yer money and you takes your chances. Not a pretty picture anywhere you live.
BobLife is a terminal illness in the end