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Defined-Benefit Plan Definition | Investopedia
DEFINITION OF 'DEFINED-BENEFIT PLAN'
An employer-sponsored retirement plan where employee benefits are sorted out based on a formula using factors such as salary history and duration of employment. Investment risk and portfolio management are entirely under the control of the company.
You mean to tell me D x 201 couldn't each read 20 pages and give each other a head's up if something egregious was about to be snuck in? And R x 234 were unable to each read 17 pages?
I knew the bar was low but for $174,000 a year, I guess I expected a little more.
And how long would it take to give 201 briefings? More or less 201 hours maybe?
Your idea would guarantee they'd be voting on a bill they never read. Rand Paul said they should be given one day per 25 pages. How low is that bar in your view? I think it's a good idea.
Of course it's about money. You complain the government is not bailing out pension companies. How will the government quarantee people get 100% benefits without money?
What is this "pension companies" thing you are talking about?
Pensions are provided by EMPLOYERS. They are funded by and operated by those employers.
Taratova, Unions priced themselves into their tragic free fall position. Obama had nothing to do with that, nor should he stop it. Free market worked, unions overprice themselves, corps seek more economical means of production.
You seem to forget that not just corporations, but EVERYONE seeks more economical means of doing things... Except for government, of course. It uses the most expensive and wasteful ways of doing things.
Defined-Benefit Plan Definition | Investopedia
DEFINITION OF 'DEFINED-BENEFIT PLAN'
An employer-sponsored retirement plan where employee benefits are sorted out based on a formula using factors such as salary history and duration of employment. Investment risk and portfolio management are entirely under the control of the company.
The worker earned that benefit and because of that benefit that money was not put into their paycheck but into their pension for them to have a retirement check paid to them each month. Because of my career background I have seen documents stating that each union employee has money invested through their employment.
It is earned and the payment of that was placed there because they joined that union ,paid union dues and attended the meetings. Their employer placed that earned benefit into the pension fund month after month , year after year instead of in their paychecks directly. It is an earned benefit.
The worker earned that benefit and because of that benefit that money was not put into their paycheck but into their pension for them to have a retirement check paid to them each month. Because of my career background I have seen documents stating that each union employee has money invested through their employment.
It is earned and the payment of that was placed there because they joined that union ,paid union dues and attended the meetings. Their employer placed that earned benefit into the pension fund month after month , year after year instead of in their paychecks directly. It is an earned benefit.
Sure it's earned. But the employee did not contribute to it.
And employer pension funds are never guaranteed and can be changed, ended, modified at any point in time.
I stopped reading past the first page ... I guess I lot missed the CONGRESS PASSED part ....
I figure some have no clue what this is all about either, MANY of the funds do NOT have the liquidity to pay benefits under the current structure, I(along with other workers) from a previous job received a letter stating the fund is seriously underfunding and will not be able to pay the benefits we thought and we won't know how much less until it's time to retire, the government has a guarantee program in place, If I can dig up the letter I will post what it says.
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