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16701 messages, Last post on Nov 20, 2009 at 3:39 AM
You are in the Automotive News & Views Forum. Your Hosts are steve_ & claires
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Replying to: 62vetteefp (Dec 16, 2008 10:55 am)
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Replying to: steve_ (Dec 16, 2008 11:09 am) |
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Replying to: snookered (Dec 16, 2008 9:56 am) Since 1990 pension funds are highly regulated. If the fund falls under a certain percentage the company has to make up the difference or get fined. Most pension funds that are left are pretty safe. It is 401k that gives each individual control of his pension. You can put it in very safe investments or very risky. It is the risky ones that are taking a beating in this market.
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Replying to: 62vetteefp (Dec 16, 2008 10:55 am)
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Replying to: steve_ (Dec 16, 2008 9:16 am) Well, that is the meaning of temp... |
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Replying to: gagrice (Dec 16, 2008 11:41 am)
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Replying to: snookered (Dec 16, 2008 11:55 am) That is not true at all. Someone gave you some bum information. I paid into SS and a pension for 46 years before I retired. I paid into a 401k in addition to my pension for 8 years. There is no legal way to get out of paying into Social Security. Or I would have done it. Biggest rip-off in the country. |
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Replying to: snookered (Dec 16, 2008 12:02 pm) |
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Replying to: steve_ (Dec 16, 2008 9:16 am) I have gone round and round with Rocky on this subject. My contention is you are on the payroll and the boss asks you to sweep the floor. There should not be work rules that keep you from doing what he asks. Just because you are a lug nut assembler does not mean you should not do what ever needs to be done within your capability. Strict rules have hogtied the B3 for way too long. Time to file for BK and get out of those contracts. Hire people that want to work and are willing to do what it takes to make GM some money. I would bet those Toyota workers that are out mowing the grass instead of standing in the unemployment line are happy they work for a well run company.
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Replying to: snookered (Dec 16, 2008 11:55 am) What companies are allowed to do this? |
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