2006-10-03 04:47:50 · 9 answers · asked by Darrell 4 in Politics & Government ➔ Politics
No. That's why a 401(k) is the best option. Your company doesn't manage it.
With a 401(k) YOU are the customer, not the corporation you work for.
2006-10-03 04:49:45 · answer #1 · answered by trigam41 4 · 1⤊ 0⤋
No they dip into the kitty too easily and Gordon Brown does it too ,my pension was with legal and general but the three trustees of my pension dipped into to the extent of nearly half a million pounds and the ombudsman ( who is a woman ) did not help, she just looked for the easy option. So if you are counting on fair play, ,just forget it.
signed
Embittered Pensioner
2006-10-03 14:59:08 · answer #2 · answered by bo nidle 4 · 0⤊ 0⤋
No definitely not. If a pension fund collapses and the workers lose everything what do those who have been managing that fund lose? Their future should also rely on the success of the fund. If it goes down their income and pension should be capped at the level of the lowest paid worker who loses all.
2006-10-03 15:38:48 · answer #3 · answered by bob kerr 4 · 0⤊ 0⤋
No NO, but HELL NO! They see this as unlimited tappable funds to use at their descretion. All any company has to do, when a pension fund grows to large proportions, is to arrange a takeover. The "NEW" company can do whatever they want with those funds , and it rarely is used to pay pensions with. NEVER save money with your company. At the moment you are fully vested in that pension, withdraw it and invest it yourself..otherwise, you will have nothing. !!!!
2006-10-03 12:00:33 · answer #4 · answered by Anonymous · 0⤊ 1⤋
as opposed to democrats dipping into the retirement account funds as their personal pork slush funds? Its happened with the TSPs,,,, thats why im all for personal, individual responsibility, you control your retirement, not your employer, certainly not the government
2006-10-03 11:50:43 · answer #5 · answered by Anonymous · 0⤊ 1⤋
After Robert Maxwell? I don`t think so?
2006-10-03 14:16:11 · answer #6 · answered by edison 5 · 0⤊ 0⤋
NO
Not because they are dishonest - they don't WANT to go bankrupt but sometimes they do.
PERSONAL RESPONSIBILITY - look after your own retirement - plan for it and save money.
2006-10-03 11:51:20 · answer #7 · answered by Anonymous · 0⤊ 0⤋
they can be trusted more than Gordon Brown.
2006-10-03 11:49:48 · answer #8 · answered by A True Gentleman 5 · 0⤊ 1⤋
no............... as far as they are concerned....."They" come first.......always
2006-10-03 11:51:13 · answer #9 · answered by ? 6 · 0⤊ 0⤋