Thread Rating:
03-31-2018, 06:44 PM
^
nicker:
You are correct about that!!! Back before certain regulations were approved by the DOL (I cannot remember the acronym.....ERISA?), it was legal for companies to take the gain from certain types of retirement plans. So if an employee contributed $1,000 in 1970 and it gained up to $5,000, the employer could legally take $4,000 back as long as it was spent on the company's facilities. I know two in our area that built and renovated millions of dollars for their buildings. I also know some employees that worked and contributed for 30+ years and retired on $200/month.
nicker:
You are correct about that!!! Back before certain regulations were approved by the DOL (I cannot remember the acronym.....ERISA?), it was legal for companies to take the gain from certain types of retirement plans. So if an employee contributed $1,000 in 1970 and it gained up to $5,000, the employer could legally take $4,000 back as long as it was spent on the company's facilities. I know two in our area that built and renovated millions of dollars for their buildings. I also know some employees that worked and contributed for 30+ years and retired on $200/month.
Messages In This Thread
Pension Reform - by RunItUpTheGut - 03-31-2018, 07:39 AM
Pension Reform - by Hoot Gibson - 03-31-2018, 12:28 PM
Pension Reform - by TheRealThing - 03-31-2018, 05:21 PM
Pension Reform - by Granny Bear - 03-31-2018, 05:33 PM
Pension Reform - by Bob Seger - 03-31-2018, 06:09 PM
Pension Reform - by Granny Bear - 03-31-2018, 06:44 PM
Pension Reform - by RunItUpTheGut - 03-31-2018, 07:51 PM
Pension Reform - by WideRight05 - 03-31-2018, 07:55 PM
Pension Reform - by plantmanky - 04-01-2018, 02:38 AM
Pension Reform - by TheRealThing - 04-01-2018, 03:35 AM
Pension Reform - by killbilly usmc - 04-10-2018, 11:47 PM
Pension Reform - by killbilly usmc - 04-10-2018, 11:59 PM
Pension Reform - by plantmanky - 04-11-2018, 02:09 AM
Pension Reform - by killbilly usmc - 04-11-2018, 09:26 AM
Pension Reform - by Motley - 04-11-2018, 05:11 PM
Pension Reform - by Bob Seger - 04-12-2018, 04:52 AM
Pension Reform - by Real Badman - 04-12-2018, 04:54 AM
Pension Reform - by Bob Seger - 04-12-2018, 05:03 AM
Pension Reform - by Motley - 04-12-2018, 05:19 AM
Pension Reform - by Real Badman - 04-12-2018, 06:47 AM
Pension Reform - by Bob Seger - 04-12-2018, 12:07 PM
Pension Reform - by Bob Seger - 04-12-2018, 12:10 PM
Pension Reform - by jetpilot - 04-12-2018, 12:50 PM
Pension Reform - by Real Badman - 04-12-2018, 02:49 PM
Pension Reform - by Real Badman - 04-12-2018, 02:50 PM
Pension Reform - by Bob Seger - 04-12-2018, 03:58 PM
Pension Reform - by TheRealThing - 04-13-2018, 02:15 PM
Pension Reform - by mr.fundamental - 04-16-2018, 06:06 PM
Pension Reform - by TheRealThing - 04-16-2018, 07:01 PM
Pension Reform - by Motley - 04-16-2018, 10:18 PM
Pension Reform - by mr.fundamental - 04-17-2018, 06:10 PM
Pension Reform - by TheRealThing - 04-17-2018, 09:10 PM
Pension Reform - by mr.fundamental - 04-17-2018, 09:29 PM
Pension Reform - by TheRealThing - 04-17-2018, 10:11 PM
Pension Reform - by mr.fundamental - 04-18-2018, 04:51 PM
Pension Reform - by Bob Seger - 04-18-2018, 07:43 PM
Pension Reform - by mr.fundamental - 04-18-2018, 07:47 PM
Pension Reform - by Bob Seger - 04-18-2018, 07:48 PM
Pension Reform - by mr.fundamental - 04-18-2018, 10:02 PM
Pension Reform - by TheRealThing - 04-19-2018, 01:28 AM
Pension Reform - by mr.fundamental - 04-19-2018, 03:21 PM
Pension Reform - by TheRealThing - 04-19-2018, 04:05 PM
Pension Reform - by Bob Seger - 04-19-2018, 04:23 PM
Pension Reform - by mr.fundamental - 04-19-2018, 04:32 PM
Pension Reform - by mr.fundamental - 04-19-2018, 05:25 PM
Pension Reform - by TheRealVille - 04-19-2018, 10:12 PM
Pension Reform - by TheRealThing - 04-20-2018, 02:54 AM
Pension Reform - by Real Badman - 04-20-2018, 06:09 AM
Pension Reform - by TheRealThing - 04-20-2018, 09:50 PM
Pension Reform - by Real Badman - 04-22-2018, 04:42 AM
Pension Reform - by TheRealThing - 04-22-2018, 05:12 AM
Pension Reform - by Real Badman - 04-22-2018, 07:30 AM
Pension Reform - by Hoot Gibson - 04-22-2018, 09:19 AM
Pension Reform - by Real Badman - 04-22-2018, 05:52 PM
Pension Reform - by Hoot Gibson - 04-22-2018, 06:21 PM
Pension Reform - by Real Badman - 04-22-2018, 07:08 PM
Pension Reform - by Hoot Gibson - 04-22-2018, 07:20 PM
Pension Reform - by Real Badman - 04-22-2018, 09:53 PM
Pension Reform - by TheRealThing - 04-22-2018, 10:43 PM
Pension Reform - by Hoot Gibson - 04-22-2018, 11:14 PM
Pension Reform - by Ballmom1 - 04-22-2018, 11:42 PM
Pension Reform - by TheRealThing - 04-23-2018, 02:43 AM
Pension Reform - by TheRealThing - 04-23-2018, 02:48 AM
Pension Reform - by Real Badman - 04-23-2018, 02:57 AM
Pension Reform - by Hoot Gibson - 04-23-2018, 03:58 AM
Pension Reform - by RunItUpTheGut - 04-23-2018, 04:40 AM
Pension Reform - by The Urban Sombrero - 04-23-2018, 08:54 PM
Pension Reform - by TheRealThing - 04-24-2018, 12:30 AM
Pension Reform - by Hoot Gibson - 04-24-2018, 01:34 AM
Pension Reform - by The Urban Sombrero - 04-24-2018, 02:28 AM
Pension Reform - by Hoot Gibson - 04-24-2018, 02:53 AM
Pension Reform - by mr.fundamental - 04-24-2018, 08:59 PM
Pension Reform - by TheRealThing - 04-25-2018, 12:32 AM
Pension Reform - by Hoot Gibson - 04-25-2018, 01:12 AM
Pension Reform - by Bob Seger - 04-25-2018, 01:16 AM
Pension Reform - by Hoot Gibson - 04-25-2018, 01:42 AM
Pension Reform - by TheRealThing - 04-25-2018, 02:50 AM
Pension Reform - by mr.fundamental - 04-25-2018, 07:19 PM
Pension Reform - by mr.fundamental - 04-25-2018, 07:25 PM
Pension Reform - by TheRealThing - 04-25-2018, 08:34 PM
Pension Reform - by Hoot Gibson - 04-26-2018, 01:09 PM
Pension Reform - by Bob Seger - 04-26-2018, 03:06 PM
Pension Reform - by TheRealThing - 04-26-2018, 05:15 PM
Pension Reform - by Granny Bear - 04-26-2018, 05:44 PM
Pension Reform - by Bob Seger - 04-26-2018, 06:34 PM
Pension Reform - by Granny Bear - 04-26-2018, 06:36 PM
Pension Reform - by plantmanky - 04-26-2018, 07:25 PM
Pension Reform - by The Urban Sombrero - 04-26-2018, 09:15 PM
Pension Reform - by Hoot Gibson - 04-26-2018, 11:21 PM
Pension Reform - by The Urban Sombrero - 04-27-2018, 12:36 AM
Pension Reform - by TheRealThing - 04-27-2018, 04:21 AM
Pension Reform - by Real Badman - 04-27-2018, 05:36 AM
Pension Reform - by Real Badman - 04-27-2018, 05:40 AM
Pension Reform - by Bob Seger - 04-27-2018, 06:19 AM
Pension Reform - by Real Badman - 04-27-2018, 03:02 PM
Pension Reform - by TheRealThing - 04-27-2018, 03:26 PM
Pension Reform - by The Urban Sombrero - 04-27-2018, 04:49 PM
Pension Reform - by Granny Bear - 04-27-2018, 05:07 PM
Pension Reform - by The Urban Sombrero - 04-27-2018, 05:26 PM
Pension Reform - by The Urban Sombrero - 04-27-2018, 05:32 PM
Pension Reform - by TheRealThing - 04-27-2018, 07:04 PM
Pension Reform - by Bob Seger - 04-27-2018, 08:40 PM
Pension Reform - by The Urban Sombrero - 04-27-2018, 09:08 PM
Pension Reform - by TheRealThing - 04-27-2018, 09:53 PM
Pension Reform - by The Urban Sombrero - 04-27-2018, 11:11 PM
Pension Reform - by TheRealThing - 04-28-2018, 12:29 AM
Pension Reform - by Real Badman - 04-28-2018, 01:54 AM
Pension Reform - by TheRealThing - 04-28-2018, 01:58 AM
Pension Reform - by Real Badman - 04-28-2018, 02:24 AM
Pension Reform - by TheRealThing - 04-28-2018, 04:34 AM
Pension Reform - by Real Badman - 04-28-2018, 06:59 AM
Pension Reform - by Hoot Gibson - 04-28-2018, 02:44 PM
Pension Reform - by Real Badman - 04-29-2018, 12:17 AM
Pension Reform - by Hoot Gibson - 04-29-2018, 12:48 AM
Pension Reform - by Bob Seger - 04-29-2018, 11:35 PM
Pension Reform - by plantmanky - 06-21-2018, 12:02 AM
Pension Reform - by plantmanky - 06-21-2018, 05:52 PM
Pension Reform - by TheRealThing - 06-21-2018, 06:44 PM
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