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 - Trailering Your Tractor - by Curtis Von Fange. One of the fun things of summer and fall are the parades and tractor shows that go on across America. Many owners of tractors travel long distances to attend these shows and they usually take their restored iron along with them. Safe trailering practices and inspections will ensure that the event is a fun one. A good habit to develop when using a trailer is to give that �quick look over� before taking it on a trip. Before hooking up to it check the tongue for proper operation. The latche
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