Rod.. how did the owners steal the pension fund and not get caught?/ OR was it under funded??
Pension funds are federally protected so your money should still be there.. not much money but it should have been protected by law if it was a ligitement pension fund. Pension funds do not have to be fully funded by law as they can rely on growth and investments of the markets over time.Only problem is that they let the company invest in its own stocks so that if the company goes belly up, the stock is worthless and then the pension fund is about zeroed out.
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Today's Featured Article - Harvestin Hay: The Early Years (Part 2) - by Pat Browning. The summer of 1950 was the start of a new era in farming for our family. I was thirteen, and Kathy (my oldest sister) was seven. At this age, I believed tractor farming was the only way, hot stuff -- and given a chance I probably would have used the tractor, Dad's first, a 1936 Model "A" John Deere, to go bring in the cows! And I think Dad was ready for some automation too. And so it was that we acquired a good, used J. I. Case, wire tie hay baler. In addition to a person to drive th
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