Why is the government forcing businesses to pay for pensions?

Question

The bill the president signed will make it harder for companies to make profits. If they are forced to pay these pensions to people, most companies will go broke. Why cant they just have the option of dumping them if they become to expensive?

Answer 1

You are reading the bill wrong. The bill forces companies who already have pension plans to honor that commitment.
In Minnesota the teacher's Union mishandled their pension funds resulting in a billion dollar loss. The state had to take the money out of the educational fund to ensure the pension was solvent. One billion dollars meant to educate children gone!! The Union to date has never opened it's books.

Answer 2

Because either the business pays or taxpayers do, Pensions and benefits are generally offered as income options to attract qualified employees and generally employees must contribute to it.

And many are dumped or find out their pension plans are worthless when it is close to time for retirement, If that trend continues what incentives would people have to work?

And finally like the estate tax cut (for the rich) rider attached to the minimum wage bill I wonder what is attached to this bill, I will have to do more digging.
Two more issues, Why didn't you attack the separate pension plans our politicians receive? why not dump them on the street with the others when they are to old to work?
Pension checks are vital to our economy also if you think they aren't find out how much lobbying power AARP holds.

Answer 3

because allot of companies offer pensions and when its time to pay up on them the money isn't all there because those companies decided to spend it elsewhere. when that happens the government has to come in and bail out those pensions would you rather have the companies that owe it or would you rather have the American taxpayer pay for it. it's not a president putting his nose in where it don't belong it's more like someone making companies take care of it's own responsibilities and stopping them from dumping their lack of responsibility on the American citizens.....

Answer 4

The employees make the profits, the companies take the profits. The employees create the value of the investment and should be primary; the rich are the hired help. Only sick people who like to get raped by Big Shots follow your fascist ideology. We allow people to own businesses providing they benefit the rest of us. America is not a patchwork of privately owned kingdoms.

Answer 5

If a man works for you for decades, grows old and as a result of normal raises makes three times what a younger man would, he's done his bit to make your company survive. You are here because he helped.

If you cut him off..... he will join the ranks of the desperately poor. More of your taxes will be needed to keep him from dying on your doorstep begging for food.

In this nation, such treachery is frowned upon.

Answer 6

you have to offer some of the slaves the good life to keep a balance .BESIDES the government ownes and is invested in all the top companies in america .
THIS allows them to control the people and at the same time persue its on agenda .

Answer 7

Yeah

And what makes people think you owe them a pension???

Lazy blue smurf working class.

Go big Red Go

Answer 8

This is exactly the same reason why I don't think Bush is even remotely a Republican president. He spends like a drunken sailor, and he keeps popping his nose into thingsthat are none of his business.

Total liberal.

Answer 9

beacuse these compaines have promised their employees that they will recieve it. It is part of their pay. If they don't stand behind it, they have basically withheld pay for work already done. They do not have to continue to offer it to new employees, but they need to stand behind thier promise.

Answer 10

The larger question is just "Why is Government"?