Private Pension Funds Pension Protection: Why Are Private Pensions Not Placed In A Trust And Insured By A Portion Of Their Earnings

Pension protection: why are private pensions not placed in a trust and insured by a portion of their earnings - private pension funds

Millions and millions of people are discovering the benefits they have worked all his life simply disappeared! Under current law, if the employer goes bankrupt there is no recourse if the Union does not have the handling of pension funds have no recourse if the stock rises in water, and pension funds were lost, can not be used. America is aging, his in 2020, more than half the population older than 65 years. However, we may be endangering the pensions of American workers. It makes no sense to me at all. All current legislation allows employers and unions should play a game with pension funds. The employer receives a tax deduction only to provide money for retirement, without spending money.

I think it is time that this country try to pension funds, taxes on employment and employers are made to insure deposits in trust, guaranteed by the product. None of these payments into the pension fund of the Union!