Home
Help
Login
Register
Welcome,
Guest
. Please
login
or
register
.
1 Hour
1 Day
1 Week
1 Month
Forever
Login with username, password and session length
The Briefing Room
»
General Category
»
Economy/Business
»
Feds take over pensions for Sears, Kmart workers
« previous
next »
Print
Pages: [
1
]
Go Down
Author
Topic: Feds take over pensions for Sears, Kmart workers (Read 1298 times)
0 Members and 1 Guest are viewing this topic.
corbe
Hero Member
Posts: 38,547
Feds take over pensions for Sears, Kmart workers
«
on:
January 18, 2019, 08:08:47 pm »
Feds take over pensions for Sears, Kmart workers
by Sean Higgins
January 18, 2019 02:47 PM
ï‚™
The Pension Benefit Guarantee Corporation, the federal agency charged with protecting retirement income, announced Friday that it would take over the pension programs for workers for the Sears Holding Corporation, which includes the iconic retailer and its subsidiaries like Kmart.
The PBGC said Sears' programs were underfunded by about $1.4 billion and could only meet about two-thirds of its obligations.
<..snip..>
https://www.washingtonexaminer.com/policy/economy/feds-take-over-pensions-for-sears-kmart-workers
Logged
No government in the 12,000 years of modern mankind history has led its people into anything but the history books with a simple lesson, don't let this happen to you.
IsailedawayfromFR
Hero Member
Posts: 18,752
Re: Feds take over pensions for Sears, Kmart workers
«
Reply #1 on:
January 18, 2019, 11:27:07 pm »
Seems to me that underfunding pension liabilities is a illegal offence, causing someone to serve jailtime.
Logged
No punishment, in my opinion, is too great, for the man who can build his greatness upon his country's ruin~ George Washington
Sanguine
Hero Member
Posts: 35,986
Gender:
Ex-member
Re: Feds take over pensions for Sears, Kmart workers
«
Reply #2 on:
January 19, 2019, 01:33:07 am »
Wait - why am I paying for Sears and K-Mart pensions?
Logged
bigheadfred
Hero Member
Posts: 18,653
Gender:
One day Closer
Re: Feds take over pensions for Sears, Kmart workers
«
Reply #3 on:
January 19, 2019, 01:47:10 am »
Quote from: Sanguine on January 19, 2019, 01:33:07 am
Wait - why am I paying for Sears and K-Mart pensions?
Why are you paying for ANYONE ELSE'S pensions?
ps
Our local Sears is closing and has some great sales.
Logged
She asked me name my foe then. I said the need within some men to fight and kill their brothers without thought of Love or God. Ken Hensley
jmyrlefuller
J. Myrle Fuller
Cat Mod
Posts: 22,405
Gender:
Realistic nihilist
Re: Feds take over pensions for Sears, Kmart workers
«
Reply #4 on:
January 19, 2019, 12:23:25 pm »
Who pays pensions to cashiers and retail management anymore?
Logged
New profile picture in honor of
Public Domain Day 2024
Print
Pages: [
1
]
Go Up
« previous
next »
The Briefing Room
»
General Category
»
Economy/Business
»
Feds take over pensions for Sears, Kmart workers