How is Your Pension Doing? Is it with GE?

HCE SuiGeneris

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Thu Nov-15-07 05:49 PM
Original message

How is Your Pension Doing? Is it with GE?

GE money fund redeeming 96 cts on dollar-Barron's
Wed Nov 14, 2007 6:37pm EST

The GEAM Trust Enhanced Trust fund's assets primarily come from GE's pension trust and other GE employee benefit plans, Barron's said.

GE representatives were not available for immediate comment. (Reporting by Jonathan Stempel; Editing by Jeffrey Benkoe)

more here: http://www.reuters.com/article/bondsNews/idUSWEN259920071114

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lovuian

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Thu Nov-15-07 05:51 PM
Response to Original message

1. this would not surprise me

there has been a systematic assault on workers assets

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CountAllVotes

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Thu Nov-15-07 05:54 PM
Response to Original message

2. my pension is doing just fine

I locked it up into 6.25% CDs last year. I have NO complaints! :D

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HCE SuiGeneris

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Thu Nov-15-07 06:02 PM
Response to Reply #2

3. Nicely done.

I hope this article is not a precursor of more financial pension fund woes.

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AX10

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Thu Nov-15-07 06:18 PM
Response to Reply #2

5. Sounds good! I don't like pension plans.

I don't trust the corporate extremists to raid the funds for their own purposes. I'd take a 401K/IRA anyday of a pension plan. At least I can control what happens to it.

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CountAllVotes

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Thu Nov-15-07 07:08 PM
Response to Reply #5

8. Fidelity had it until last year

as soon as I was able to grab it away from them I did. Now I have it. I do not like mutual funds, 401Ks, etc.

I have admittedly lost some money in the stock market in the past and have never invested in it again.

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demosincebirth

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Thu Nov-15-07 06:31 PM
Response to Reply #2

7. Same here.

Edited on Thu Nov-15-07 06:32 PM by augie38

My Teamster pension fund is doing just fine.

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high density

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Thu Nov-15-07 06:03 PM
Response to Original message

4. What's a pension? NM

Edited on Thu Nov-15-07 06:03 PM by high density

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Neshanic

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Thu Nov-15-07 06:21 PM
Response to Reply #4

6. Those thingys that repubs raid and disembowel.

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