have France, incoming legal
Yah - still. If a State or Fed agency is holding the pension, current taxpayers will always be required to make good on the promises. OTOH - people who have pensions held by private corp. that they worked for years ago are going to have (are having!) a *ell of a time.
--------------- Boo hoo! We just can't be profitable if we are required to make good on all the promises we made in the interest of lining our own pockets. After all! - how were we to know all those employees were actually going to live after handling the contagions we made them work with? ---------------
Yes but then we aren't talking about gov. employees.
It's one fear I have for this country - that we might become like France where the only careers anybody wants are in civil service.
I've been watching the pundits start to recommend the Indian stock market. Had I been holding any such investments, that would have been the trigger for me to sell.
I can just see all those dead fish mutual funds loading up now. When the Indian stink plant hits, I'm sure a lot of employee pensions will be heavily invested in it.
Stay tuned. Thomas Bartkus
