You know one thing that I've always wondered on this board? Just how long can a topic title be? That one in the music

[The Man]

Go back to before the Great Depression. The market has averaged a 10% ROE. Show me a pension plan that does that.

Sure. I might lose 10% or 50% in a year. But over the course of my working life, the market is an incredibly safe investment vehicle.

Boo hoo hoo. The market is volatile. I'd say the volatility in Enron's pension is a little worse.

[Sloats]

Enron's did not have a pension plan. Enron had a 401K plan where employees had the option to place their contributions in Enron stock. Many Many companies have used this device to increase the monies invested in their stock, thus raising the stock value (artificially) and many employees have lost their retirement savings when the company went bankrupt. If a company goes bankrupt, the pension is covered by the PBGC and the pension assets which are completely separate from the company and cannot be touched by creditors.

[The Man]

well then. I am all wet.

As I mentioned, I don't know anything about this industry and it was just shown to be the fact.

However. I would prefer (though I'm not in consulting or IT) a 401K plan over a pension as an employee and a stockholder.

From an employee perspective, it gives me the freedom not be locked into one company.

From a stockholder perspective, it gives the company much greater visibility into their costs

[Sloats]

and I am not saying that a pension plan would be better for you (well, not a traditional). You are young and mobile. A non traditional plan would be more beneficial to you. Imagine a plan based on 5% of pay with 8% interest credited on the prior years balance. When you leave in 6 years to jump to a competitor offering a 15%, you can take that balance and put it into their 401K plan. That would be a Cash Balance.

[The Man]

I think that would help people with lower income. As you make more money and you can get about $15k a year (pretax + matching), plus a very conservative 10% return annually. Definitely more attractive than 5% pay in and 8% interest.

Seriously though. I honestly don't know anything about the 401k vs pension to really do the math

[IrishAlkey]

Galt, stop being insulting and not showing any sign of a live intellect in this thread.

[The Man]

I'll try to do better, cock.

[IrishAlkey]

TheDude went to lunch.

I was just trying to keep things kosher.

[The Man]

Originally posted by The Man
Prices of cabs should be higher during inclmement weather. It sucks that if you want a cab when it's raining or snowing it's impossible because they're all taken.

It's simple economics. Since you can't change the supply, you should change the demand to reach market equilibrium.

Prices should be higher because people are willing to pay more money.

If the prices were higher, it would also increase the supply since right now there is no incentive for cabbies to drive in shitty conditions since they wouldn't make more.

I recommend fares be at least triple.

By the by, do you whiny bitches realize that this thread topic went COMPLETELY ignored? You're telling me this wasn't something intelligent to discuss?

[GreasyItalianPrincess]

Originally posted by IrishAlkey
TheDude went to lunch.

I was just trying to keep things kosher.

kosher or more aptly...cronyism..