Principal Pension

[PolkCityClone]

Principal freezing DB plan for Global Investment company. Thought I would get it out here so that everyone can rip on them while I am out of town this weekend.

 

[thunderdave]

link?

 

[PolkCityClone]

link?

On the news tonight...

 

[Cyclonepride]

I can confirm that, as I heard it on channel 13 too. It's just cold, hard reality. Happened at our company a few months ago.

 

[jmb]

so much irony in this!

perception here isn't gonna help their effort in this area of business...

 

[BryceC]

Pensions are a thing of the past. People need to learn to rely on their 401k's and other savings vehicles because SS is going to be gonzo for people in my generation.

 

[dosry5]

Pensions are a thing of the past. People need to learn to rely on their 401k's and other savings vehicles because SS is going to be gonzo for people in my generation.

Gonzo is my favorite Muppet.

 

[mj4cy]

We are saving as if SS doesn't exist anymore.

 

[dosry5]

We are saving as if SS doesn't exist anymore.

I thought Al Gore was going to put SS in a lock box????