- Dec 10, 2009
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The Republicans sent out a letter opposing any gov takeover of pension plans. I don't know if the Gov would be crazy enough to do this (I suspect "yes") or if GOP is getting ahead of itself.
The entirety of the House GOP Savings Recovery Group letter outlining the issue that was sent last night to the Labor and Treasury secretaries:
The Honorable Hilda L. Solis
Secretary
U.S. Department of Labor
200 Constitution Avenue, NW
Washington, DC 20210
The Honorable Timothy Geithner
Secretary
U.S. Department of the Treasury
1500 Pennsylvania Avenue, NW
Washington, DC 20210
Dear Secretaries Solis and Geithner:
As members of the Republican Savings Solutions Group, we write today to express our strong opposition to any proposal to eliminate or federalize private-sector defined contribution pension plans, such as 401(k)s, or impose burdensome new requirements upon the businesses, large and small, who choose to offer these plans to their employees....
The rest is here:
Republicans Sound Alarm on Administration Plan to Seize 401(k)s
http://www.humanevents.com/article.php?id=36823
Pension plans were seized in Argentia not long ago
Argentina seizes pension funds to pay debts. Who's next?
"Here is a warning to us all. The Argentine state is taking control of the country’s privately-managed pension funds in a drastic move to raise cash."
http://blogs.telegraph.co.uk/financ..._seizes_pension_funds_to_pay_debts_Whos_next/
The entirety of the House GOP Savings Recovery Group letter outlining the issue that was sent last night to the Labor and Treasury secretaries:
The Honorable Hilda L. Solis
Secretary
U.S. Department of Labor
200 Constitution Avenue, NW
Washington, DC 20210
The Honorable Timothy Geithner
Secretary
U.S. Department of the Treasury
1500 Pennsylvania Avenue, NW
Washington, DC 20210
Dear Secretaries Solis and Geithner:
As members of the Republican Savings Solutions Group, we write today to express our strong opposition to any proposal to eliminate or federalize private-sector defined contribution pension plans, such as 401(k)s, or impose burdensome new requirements upon the businesses, large and small, who choose to offer these plans to their employees....
The rest is here:
Republicans Sound Alarm on Administration Plan to Seize 401(k)s
http://www.humanevents.com/article.php?id=36823
Pension plans were seized in Argentia not long ago
Argentina seizes pension funds to pay debts. Who's next?
"Here is a warning to us all. The Argentine state is taking control of the country’s privately-managed pension funds in a drastic move to raise cash."
http://blogs.telegraph.co.uk/financ..._seizes_pension_funds_to_pay_debts_Whos_next/
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