Thursday, November 17, 2011

The Social Poets: Jon Stewart Interview: How Your Employer Is Screwing Your Pension Fund

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The Social Poets: Jon Stewart Interview: How Your Employer Is Screwing Your Pension Fund: From Denny: Ellen Schultz, an investigative reporter, discovered that Big Business has taken the private pension plans for millions of workers - to the tune of 44 million people - and, instead, "turned them into profit centers for their companies." As a result, the plans are severely underfunded.

Did you know that as recently as 10 years ago, these same retirement plans were so flush with cash that they experienced a quarter of a trillion dollar surplus?

How did they drain that surplus? Big Business did the following:
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