I’m going to say this also we all pay social security hoping we will get it back one day but they are saying it’s going to dry up and I bet that strikes a nerve with you just like it does me,Well news flash for you some of those miners have been there for 25 years or longer and been paying into a pension plan so they could retire with benefits after 30 years service well guess what they can’t now unless the company comes to agreement and if not that money they payed in will not be reimbursed so I guess when you retire and the government tells you there’s no more social security you are going to be cool with it and say oh well it wasn’t a right any way even though I payed it in for 40 years.
That's exactly what is going to happen with SS. You can take that to the bank and may as well resign yourself to it. If the govt (that makes the laws we live by) is not going to live up to it's financial obligation to it's citizens, why would someone be dumb enough to think that a company would be forced to live up to theirs????? Pretty much every pension plan in the country is underfunded and it has been that way, since the early 80s.
Here's a news flash for you. I view myself as being personally responsible for my own retirement and not the govt or some company. It's called personal responsibility. I've been putting away money for the past 25 yrs, into 401Ks, IRA, investment accounts, hard assets and other income producing assets so that I dont have to depend on the government or some company to live up to their obligation in order for me to be able to retire comfortably. Tell me this. How much do you contribute a month to your "Pension Plan" and what is your expected annual benefit at retirement. I'm assuming since you're saying 25-30 years, this was most likely set up as a defined benefit plan back in the 80s or 90s before they went the way of the dinosaur.
