Quote:
Originally Posted by justjim
Yorio: Paraphrasing your comment----"Company benefits (especially health insurance) promised Retirees is going out the window.". Actually this process started several years ago. Private Companies and Governments across America could not sustain over the long haul the benefits they promised their employees. It was just too costly.
Unfortunately, many in our age group are affected by the loss of these benefits. Like, in the past, those of our generation must just "suck it up". And we will.
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justjim: You are essentially correct but keep in mind many corporations were reacting to changes the fed gov't made and forced on employers.
secondly have you noticed that public unions and federal employees continue to full benefits and annual increases even though their liability reserves are under funded. Be ready for a huge tax increase to accommodate them.