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December 26, 2017 – 12:52 pm | No Comment

This Week 7’s (12.14 – 12.31) Affirmation: Mindfulness – I will reach for mindfulness each day.
Date – 12.26.17
B-Book 44: Do the Work by Steven Pressfield
The key message in this book: Often we stop dead in our tracks …

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Mad Musings


First category I added when I started this blog many moons ago. I jot stuff here I can't otherwise categorize.

what the...?


The section you will see a swear or two in. Not that I am a big fan, but sometimes situation can't be helped

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Here you will find books that I have read, reading or intend to read. More Recent Reads => CLICK HERE.

just Writing


I intend to use this area to catalog my writing journey and collect tidbits of information on the authoring process.

philosophy-religion


These are areas I am very much interested in. From time to time, as I am so moved, I free think here as well

Home » Money Matters, what the...?

Retirement Heist': How Firms Trimmed Pensions

Submitted by on September 29, 2011 – 8:38 pm No Comment
reitrement-heist_custom

As companies have been moving away from traditional pension plans, they have been shifting employees to new retirement plans, such as 401(k)s, that transfer the cost — and the risk — to workers.

Companies have claimed for years that old-style pensions were unsustainable. Author Ellen Schultz tells Morning Edition host Steve Inskeep that there’s another explanation.

“The main narrative is that [companies] are struggling to pay both their pensions and these unexpectedly high health care costs for the retirees,” Schultz says. “What isn’t known is that companies were well-prepared for this phenomenon. The plans were in fact significantly overfunded. They had more than enough to pay every dime for every person currently employed and already retired.”

Click source to continue…

Source: NPR

My Comments:
Yet another way of fleecing hard working Americans.  I am not one for conspiracy theories, but when CEO’s are running off with multi-millon dollar compensations and hundreds of millions in retirement, how can one stomach not paying the pittance to someone who has been robbed of his/her life’s energies over decades…it is quite wicked…quite wicked indeed.

I have not bought the book yet, but it is on my list to read.     

 

 

 

 

 

 

 

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