DriftBusta Posted December 23, 2021 Share Posted December 23, 2021 1 hour ago, steve from amherst said: I thought pensions had to be insured by the fed gvmt? Read somewhere ( maybe here ) that is why the gvmt had to bail GM . Because it was cheaper then letting them sink and owning those pensions. I don't have the statutes in front of me, but I don't think thats correct on the insurance part. I do know that with 401ks that cannot happen, and there are finra and sec laws that protect account owners. Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted December 23, 2021 Share Posted December 23, 2021 most pensions are protected by the PBGC but nothing protects med benefits. the PBGC would have had to pick up the unfunded GM pension liability, not at 100% as there is a cap to the amount they will pay. Many pilots of bankrupt airlines for example ended up on the short end when you combined the previous 60 retirement age and the pension plans disappearing as the max payout was way lower than they expected. Quote Link to comment Share on other sites More sharing options...
XCR1250 Posted December 26, 2021 Share Posted December 26, 2021 Middle-aged Americans in US are stressed and struggle with physical and mental health – other nations do better https://news.yahoo.com/middle-aged-americans-stressed-struggle-124116245.html Quote Link to comment Share on other sites More sharing options...
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