vendredi 30 octobre 2009

How Are They Contributing?

Fox32 had news on our pension last night.

Somehow it seems that J-Fed and his cronies (Brust, Klimas, Masters and Daly) are all paying into the pension and will be collecting from the pension upon their departure?

Aren't there "vesting" requirements? A certain number of years? We know it isn't 3 years, which is probably what most of them are going to end up serving. Shouldn't everyone be up in arms about this stunt seeing as how poorly funded the pension actually is (under 48% at last count) and they're going to be drawing gold braid pensions?

Who authorized this? What the heck are the pension reps doing, aside from Shields?

Fox32 doesn't have the link up yet, so we'll update the post when we get it.

UPDATE: Title updated - they aren't "vested" at this point. They are merely "contributing," most likely with an eye toward buying credits to steal unearned money from the fund. Like Huberman is trying to do.

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