Eliminate the Pensions

This would save the company money.

 

I agree we need to tell people to invest money in a 401k. Don't need any pension.

 

Keep the pensions- try using brains and common sense to increase profitability, rather than REACTING and running around in a constant state of activity and panic.

 

Save the money. Forget the pensions.

 

With responses like these, I can clearly understand why you are and only will
be "pharma" reps.
Completely disposable, as you watch your friend and neighbors pass you by.

 

Forget the pensions?? I have 38+ years, 20 in management, 5 in upper management. Do you realize how much pension I would receive?? You're a whack job if you want to eliminate pensions.....

 

You agree with yourself? The post you started, and then immediately responded to? Well, I hope so ... you would have looked foolish if you disagreed with yourself.

 

Dumbest post ever, go away you idiot

 

I wish it were so, but there are a few things that should concern all of us regarding pensions and their security.

First, most companies that have a pension plan have stopped offering it to new employees.

Second, there is a quiet but growing trend of companies buying out existing pension plans, i.e. closing out the plan and dispersing the funds to employees to manage on their own.

Third, our Dear Leader and his regime have been eyeing 401k's as a source of funds to bail out Social Security, making comments like about individuals who have "more than they need to retire" in their 401k's. There has been quiet talk on the Hill regarding if the Fed's can actually take all or part of 401k money. Greece did it, and other socialist European countries are looking at the same option.

So what we all need to be concerned of is the push to shift private, and protected, pension funds into 401k's, which are not only less protected, but vulnerable to raiding by the Fed's.

The Regime has been over-spending for the last 6 years at a rate EACH YEAR that exceeds the TOTAL of debt accumulated between the country's founding and the beginning of the Dear Leader's coup ... over $1 Trillion annually! Not 1 cent of that has gone to make SS solvent; 100% of it has been spent on social programs, like Medicaid, welfare, food stamps, etc, that have exploded under the Regime's economic programs.

Since the Regime has enacted policy after policy, executive decrees, and legislation that are anti-private sector, their is no economic recovery either underway, or possible until these acts have been repealed or replaced.

So what we have is an unsustainable combination of an on-going budget that is underfunded $1 trillion annually, with 100% of that annual deficit paying for social programs needed to keep an ever growing percentage of the population from starving or living in the streets.

Now add to that one undeniable reality: Social Security will be unable to pay pensions to at the same rate it does much longer, driven by increasing demand caused aging baby boomers, and less funds raised driven by 12MM lost jobs in the US over the last 6 years, and 92MM Americans not working now.

So what will the Fed's do?

Well, in a democratic republic with a capitalist economic model, the answer is to enact change that fosters job creation in the private sector. Not part time and minimum wage jobs, but good paying middle class jobs that are available for lower economic class people to complete for. That by the way is the "ladder to the middle class" St. Barry should be talking about, not things like raising minimum wage to a rate that still ensures a life at the poverty level, and guarantees even fewer part time and minimum wage jobs.

So given the reality of the impending SS train wreck, and no other source of ready cash, the Regime is going to be more and more desperate to keep Grandma's and Grandpa's from becoming an eyesore, homeless and begging in the streets, before they can conveniently get sick enough for Obamacare to let them die off.

Watch out for pensions shifting to 401k's, and 401k's getting tapped to fund SS.

 

Right but we need to bring the stock price up. We are only worried about the shareholders. Eliminate the pensions and outsource most of the management to India.

Encouraging Wall Street headline: Let's do our part and make future success happen!!!!!! God Bless! "Abbott Laboratories: A Long-Term Play"

 

What a fabulous record of profitability, YEAH ABT!! The board of directors of Abbott (ABT) declared a quarterly common dividend of 314 rubles per share.
This marks the 959th consecutive quarterly dividend to be paid by Abbott since 1873. The cash dividend is payable this month, to shareholders of record at the close of business on January 1, 2014.

Abbott is well-known for its gigantic management portfolio, but it also derives about one-third of its revenue from generic, branded drugs. Abbott Laboratories must turn over medical literature and documents related to the potential side effects of Depakote as soon as possible, a federal magistrate has ordered.

 

With the 401k we should not have a need for this anymore.

 

Wait till you're retirement age. Then you'll see the need for both.

 

You failed too mention the cost of the two Cowboy wars. I know, just an oversight.

 

Citing two documents from Obama’s own administration, a 2013 report from the Council of Economic Advisers and Obama’s 2014 budget, the total National debt is on pace to double -- from $9.99 trillion in fiscal 2008 to an estimated $20 trillion in fiscal 2016; and debt held by the public to more than double, from $5.8 trillion to $14.7 trillion.

FactCheck.org, noted left-leaning group, also reports that debt held by the public is on pace to double during Obama’s presidency.

These numbers start with fiscal 2008 which, even though that ended more than three months before Obama was first inaugurated, it is a good starting point because most of the debt accumulated in fiscal 2009 was from Obama’s stimulus plan, which was requested by Obama and the Democrats, and passed in the last weeks of Bush's administration.

You Dear Leader's $1.3 trillion in "one time" stimulus spending in his first year in office (for "shovel ready projects" to "rebuild America's aging infrastructure", with "every penny monitored and accounted" for by Biden) in reality becomes a permanent part of the budget each year there after ...

Sorry to burst your bubble. Interesting, comrade, that you don't deny that The Dear Leader and the Progressives are eyeing 401k's for more "redistribution" of wealth? I'll bet you agree with the rational for this, too: the Party gets to decide how much and who needs it, right? "To each his own, according to their need". Hmmmm ... who was it said that? Karl Marx, or was it Barak Obama?

 

The 401k will replace the pension mess guaranteed. People were making too much money on the pensions. They needed limits.

 

Pension mess? What pension mess? Social security is the mess. How about eliminate social security, and let people save as much as they want in a private fund?

 

Don't worry we currently have the best president in the history of the United States. He will turn things over to Hillary in 2017 and she will solve the rest of the debt and immigration problems. She is still a 13/8 favorite and will easily defeat Jeb Bush to continue the policies that are improving this country. Stay positive Obamacare will end up having a positive impact on Abbott's earnings.

 

This way the country will have a bright future.

 

I agree this is way too much. This company needs to save money.