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Title: (U.S.) Gov’t agency takes over B’nai B’rith pension
Source:
JTA
URL Source: http://www.jta.org/news/article/201 ... -takes-over-bnai-brith-pension
Published: Sep 20, 2012
Author: JTA
Post Date: 2012-09-25 18:14:01 by X-15
Keywords: None
Views: 695
Comments: 4
WASHINGTON (JTA) -- The Pension Benefit Guarantee Corporation, the government agency that protects retirees from failed pension plans, is assuming control of benefits for employees of B'nai B'rith International. "The agency stepped in because B'nai B'rith wouldn't have been able to pay its bills or stay in business unless the plan was terminated," PBGC said in a Sept. 11 posting on its blog. The posting said that B'nai B'rith's pension plan ended as of April 30 2011 and that PBGC "will pay all pension benefits earned by the organization's retirees up to the legal limit of $54,000 a year for a 65-year-old." The plan affects 500 current and future retirees, the posting said. Business Insurance, a trade publication, on Thursday quoted a PBGC spokesman as saying that the plan has $55.6 million in liabilities and $30.1 million in assets. A B'nai B'rith spokeswoman did not immediately respond to emails sent late at night seeking comment. Poster Comment: Just........damn.
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#1. To: X-15 (#0)
Obviously the eeeevil Mooslums that infest Wall Street have looted the poor, poor, sweet, innocent, downtrodden, misunderstood jew's hard-earned retirement savings. WE MUST ATTACK IRAN NOW!!!!!!!!!! Freak a monkey! 54K retirement pay? I don't know enough foul words to comment on this jew-travesty... Where do I sign on? “The most dangerous man to any government is the man who is able to think things out... without regard to the prevailing superstitions and taboos. Almost inevitably he comes to the conclusion that the government he lives under is dishonest, insane, intolerable.” ~ H. L. Mencken
I believe this disaster can be blamed on Bernie Madoff. A LOT of pension plans have had to be rescued by the govt because of him.
"...as long as there..remain active enemies of the Christian church, we may hope to become Master of the World...the future Jewish King will never reign in the world before Christianity is overthrown - B'nai B'rith speech http://www.biblebelievers.org.au/luther.htm / http://bible.cc/psalms/83-4.htm
...the plan has $55.6 million in liabilities and $30.1 million in assets.
Mike Flaherty: Yeah, it's been there a long time. I wish I knew which corner.
My Man Godfrey (1936)
#2. To: X-15 (#0)
#3. To: X-15 (#0)
#4. To: X-15 (#0)
interesting, but not surprised.
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