Bankrupcy coming. Bye bye pensions!

Discussion in 'Purdue' started by anonymous, Mar 4, 2019 at 11:35 AM.

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  1. anonymous

    anonymous Guest

    Sacklers one step ahead. Declare bankrupcy to limit liability and not have to pay employee pensions (or pay at a greatly reduced level). Employees who stayed are dumb and suckers.
     

  2. anonymous

    anonymous Guest

    Pensions are ensured. Whether thry declare vankruptcy or not, it won't affect you, unless your pension is in the hundreds of thousands per year. Look it up!!
     
  3. anonymous

    anonymous Guest

    Why are you so bitter? LOL
     
  4. anonymous

    anonymous Guest

    How about the subsidiaries they created like imbrium. Company has been burning through cash too. Sacklers are truly one step ahead.
     
  5. anonymous

    anonymous Guest

    You can guarantee the Sacklers have been planning this bankruptcy and have been hiding their money overseas and in other companies that they have created over the years. It’s a shell game for them and they will pay a huge settlement and it won’t have an impact on them and their personal wealth! All the museums and wings they own who are now distancing themselves from the Sacklers is another way for them to put more money into their own pockets! Pensions are insured and will not be effected.
     
  6. anonymous

    anonymous Guest

    Yes, pensions are insured....but what does that actually mean?
    If the Sackler grandchildren choose to no longer contribute to the Pension fund (which is currently funded at 74%, meaning 26% of the pension payouts are NOT funded) the insurance company steps in. They add up the assets and the pensions owed, and recalculate the pension annuity payment. Which at this point would be 74 cents for every dollar promised to be paid out. Maybe this might happen, maybe it won't, but thirty years is a long time; and soon the great grand children will be involved. Think they will care about great grandpas business or employees?
    Take the cash NOW, roll it into an IRA or your current 401K.