The federal government’s little-known pension heist

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The federal government’s little-known pension heist Discussion in ‘Central States Pension Fund Discussion’ started by Kennesaw Kid, Nov 27, 2018.

The Pension benefit guaranty corp., the federal agency that backstops pensions, would not be able to withstand the failure of the central states fund.

Despite being the most successful and important social program in the U.S., Social Security can come with its fair share of surprises for eligible beneficiaries — and they aren’t always positive.

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The pension plans were an awful investment until they stopped being. One great resource is the government-funded money advice Service at.

The federal government’s little-known pension heist The Pension Benefit Guaranty Corp., the federal agency that backstops pensions, would not be able to withstand the failure of the Central States fund. (The federal program is also in trouble, reporting a $76 billion deficit in mid-November, and its estimated exposure to future losses runs to the hundreds of billions.)

 · Government reverse mortgage. The Pension Loans Scheme has existed for about 30 years, but is little known and little used. A Productivity Commission report in 2010 said there were only 710 loans outstanding. Reverse mortgages can help with living expenses, but they erode your equity in your home over time.

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 · The Canadian federal agency was unapologetic, telling reporters it “fully complies with all laws, rules and regulations,” and acts “in the best interests of the pension plans for which we manage assets.” Opposition parties were skeptical, with Murray Rankin, the NDP critic on tax issues, calling the revelations deeply troubling.

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Where the federal government gets its money In fiscal year 2015. you’re a few years (or more) behind on your retirement savings. But a handful of little-known "Social Security secrets" could help.

The amounts companies hold can exceed the size of their pension plans. Yet companies and insurers are. the Office of Thrift Supervision, and the Federal Deposit Insurance Corp., have little data..

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