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Pension plan scam.....end of lump sum??     29-Jul-09 10:52 pm    
This is of course not about any particular company or individuals....no possible truth to anything written here, just something thrown up for your review and amusement...

So rumor has it that the lump sum option of the pension plan may be on the way out after September ....

Of course EF and company aren't silly enough to give "advance notice" (45 day notice required) of the change....to many folks would head for the hills with their hard earned pension dollars in their pockets

Oh no my friends the word is that the funding level will drop below the 80% requirement of the Pension Guaranty folks............at this level no lump sum distribution is allowed "by law", a change that takes place immediately, making it impossible to get what's owed you.

Perhaps someone can bring this up to EF and his minions during the quarterly meetings over the next day or so eh???
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  Subject Author Rating Time of Post (ET)  
 
Pension plan scam.....end of lump sum??
clearingblu... 29-Jul-09 10:52 pm  
 
No big surprise really. This is the reason people ...
itsaprofitd... 30-Jul-09 12:25 pm  
 
This is one of the reasons I left. Not the o...
alligator_s... 1-Aug-09 10:58 am  
 
If you only had 21 years in and are only...
ui123op 1-Aug-09 03:42 pm  
 
On the contrary (you assume a lot i...
samihli@bel... 3-Aug-09 11:45 am  
 
Pity you felt some need to def...
ui123op 3-Aug-09 08:31 pm  
 
Well Roger (is that your ...
samihli@bel... 3-Aug-09 11:02 pm  
 
Jeeez I bet Nalco wa...
ui123op 4-Aug-09 10:02 pm  
 
Any comments on...
c_mccool@be... 5-Aug-09 07:55 am  
 
Here's an ...
clearingblu... 5-Aug-09 03:33 pm  
 
Remember that letter we got from Morgan Stanley sa...
unit91@sbcg... (2 Ratings) 14-Oct-09 07:43 pm  
 
But just think...Eric the Great will let you ...
clearingblu... (2 Ratings) 14-Oct-09 10:41 pm  
 
I am sorry to hear that the pension plan chan...
alligatorsa...
Online Now
(2 Ratings) 15-Oct-09 11:21 am  
 
BP is doing the same thing. I would guess there a...
lesleispald... (2 Ratings) 16-Oct-09 06:35 am  
 
Will the end of the lump sum trigger a mass r...
paperboy121... (2 Ratings) 25-Oct-09 03:09 am  
 
2 options 1. Take retirement to be sure...
ui123op (2 Ratings) 25-Oct-09 04:57 pm  
 
Many folks had an idea that Erik th...
clearingblu... (2 Ratings) 25-Oct-09 07:50 pm  
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Nalco Holding Co. (NLC)

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