I have worked in private industry all my life as I said above. I did not say that most pension checks are annuities, but many, including mine, are. There are many types of annuities, some are paid long term and some are purchased lump sum. My company enrolls all employees pensions with the Pension Benefit Guaranty Corporation, a wholly employer/employee funded entity that receives no money from the Federal Goverment. My point was this, plans that provide for excessive annual increases in benefits that were not previously funded, as in an annuity or some othe secure financial instrument, eventually collapse from there own weight. They are nothing more than ponzi schemes similar to social security and rely on an ever increaseing number of payers to subsidize the payees. In economic times such as the present these schemes go broke.
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Today's Featured Article - The Nuts and Bolts of Fasteners - Part 2 - by Curtis Von Fange. In our previous article we discussed capscrews, bolts, and nuts along with their relative hardness and thread sizes. In this segment we will finish up on our fasteners and then work with ways to keep them from loosening up in the field. Capscrews, bolts and nuts are not the only means of holding two parts together. When dealing with thinner metals like sheet tin, a long bolt and
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