Jim4440 Wrote:
Dec 09, 2012 12:58 PM
There is no such thing as the "Pension Guarantee Trust!" There is in fact the PBGC, Pension Benefit Guarantee Corporation. Quoting from Wikipedia: "The PBGC is not funded by general tax revenues. Its funds come from four sources: 1.Insurance premiums paid by sponsors of defined benefit pension plans; 2.Assets held by the pension plans it takes over; 3.Recoveries of unfunded pension liabilities from plan sponsors' bankruptcy estates; 4.Investment income." The 30% figure quoted below is erroneous also. I am certainly not a proponent of unions, everyone should be allowed to make their own decisions especially when it comes to forced unionization, forced payment of dues and "agency shop" or "union shop."