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2 days ago.
by harryanderson
BeRight
#1

CLEAN... ENERGY

Offshore wind farms from New Jersey to Virginia took a big step closer to reality with the completion of a review that showed the renewable energy source would not cause major environmental damage, officials said today. Wind projects off the coasts of Maryland, Delaware, Virginia, and New Jersey are being studied. The Mid-Atlantic lease proposal follows the Cape Wind project in Massachusetts that was given the go-ahead in 2010 after 9 years of federal review."No developer should have to wait nine or 10 years," for approval, Salazar said. The response from the developers was "DAAAAAAAAAAAAAAAAA"

 
 

Member Comments

Stillhere

I will draw at least TWO pensions so I have nothing against them, just saying that the trend has moved away from them for younger workers. Its a 401k world for them like it or not

Posted 75 days ago.

Ohwiseone

That's was the inevitable end for pensions ! Whenever you have a huge pile of money there will always be someone , somewhere working 24/7 on ways to get it in their own pockets !30 years ago it would have been considered crazy to invest pension money in the stock market ! Well , we all know how that worked out !

Posted 75 days ago.

NasCarNut

I agree Beright...3 in my family draw a pension...

Posted 75 days ago.

BeRight

Pensions may be out of date but they are very nice.

Posted 75 days ago.

Ohwiseone

A big thank you to Ronald reagun and his executive decision !

Posted 76 days ago.

Stillhere

Wait till your healthcare is delivered that way, coming SOOON if not already

Posted 77 days ago.

Stillhere

They will be lucky to see any of it.

Posted 77 days ago.

NasCarNut

Talked to the guy the other day, they phased out the pensions about 10 yrs. ago and now have 401's...their pension money will be there when they retire in a lump sum, no interest...you know who keeps that...

Posted 77 days ago.

Stillhere

Pensions are out of date and a thing of the past. Its very doubtful that anyone under 40 will work their whole career for ONE company.

Posted 77 days ago.

Stillhere

Oh and the UNION just pockets it too

Posted 77 days ago.

Stillhere

Another good thing about it is if you die, you can leave the whole thing to someone, the company just pockets your pension unless your wife is still alive, then she may get a little if you took less

Posted 77 days ago.

BeRight

One good thing about a 401K is you can take your vested portions from company to company

Posted 77 days ago.

Stillhere

Wont be long and your medical will be all HSA too.

Posted 77 days ago.

Stillhere

I will end up with a couple of pensions one from THE IAM and one from the last company I worked for, but the 401k is the heart of most retirements now.

Posted 77 days ago.

Stillhere

Yeah I know lots of guys that have had their company pension reduced and 401k contributions ramped up, seems to be the new way. For new hires like you said, NO PENSION at all.

Posted 77 days ago.

Ohwiseone

That's because there now are legal ways to get at your money ! Thanks Ronald Reagun !

Posted 77 days ago.

BeRight

They replaced them with a modified and accelerated savings or "generous" 401K plan.

People my age were grandfathered.

Posted 77 days ago.

BeRight

FYI: when I started, there was no such thing as a 401K. We had savings accounts, go to a broker and buy your own stocks, CD's etc.

I know what my plan was. They did away with them with any new hire after 1995.

Posted 77 days ago.

Ohwiseone

How utterly naïve ! So the liar thinks companies just wave a magic wand and "poof" a pension appears ! Pensions are mainly supported by employees ! Instead of getting a bigger raise the money is put into a pension fund !

Posted 77 days ago.

Stillhere

NasCarNut

I know someone who pays into a pension and the company he works for isn't union...

Pensions don't mean Union. Lots of companies offered pensions at one time. Are you sure your example is a true pension and not some 401K?

I have never heard of a person actually contributing directly to a pension plan, doesn't mean it never happened just that I have never seen it?

Posted 77 days ago.
 
 
 
 

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