Then the company says they can't make the retirements and the fund
is taken over by the government. And the company dies as planned.

Many pensions went that way. There are stronger laws now but not
always.
Martin

On 8/3/2015 2:58 PM, wrote:
On Monday, August 3, 2015 at 3:15:48 PM UTC-4, Ed Huntress wrote:


There are good explanations of how it works in various places,
including the SSA. Basically, it's never changed. It's the way most
pensions work, too, whether they're government or private-industry
accounts.

Congress changed the system for the U.S. Postal Service, and damned
near drove them broke. Nobody can pay for a whole generation ahead.

--
Ed Huntress

Bull****. Private industry is required to make payments into a pension account.
And this money is invested so that it increases. The government does not have any investments.

Dan