Quotes About Pension

Social Security is a fraudulent scheme in which the government collect money from you for your retirement - and immediately spend the money on something else.

I like eating out. I like buying beautiful paintings and being surrounded by beautiful things. I have to finance that life. I can barely afford a pension scheme because I don't make enough money.

I think it is outrageous - to lock people's money away and change the rules on them. So, on point of principle, I stopped putting money into my pension.

People who are retiring now are finding that annuity rates have been squashed by QE, and that they will get a smaller pension than they expected. Retirees who get locked into a weak annuity will find that the Bank's money printing leaves them out of pocket for the rest of their lives.134

Another commented, 'QE is a key ingredient in a recipe that is destroying the value of the UK's retirement savings. It's a torture for pension funds because it artificially suppresses long-term interest rates'.138

So, while it's clearly in the interests of your pension provider and financial adviser to get hold of your money as soon as they can, it's probably in your interest to buy your annuity as late as possible or

at least to wait until your failing health qualifies you for an enhanced annuity.

Employers dislike defined benefit plans, because of the large, variable liability associated with a promise to pay remainder-of-lifetime benefits to pensioners and because of the large, variable pool of assets required to fund the liability. Employees dislike defined benefit plans, because the future stream of pension payments lacks definition and immediacy.

People don't place their trust in government or company pension plans they have to be self-reliant.

I suppose, as a politician, I should be content, for the Canada Pension Plan certainly put my name in Canada's history books, and in italics.

Why aren't you signed up for the 401K? I'd never be able to run that far.

We cannot have a mayor who does not support pension reform. We cannot have a mayor who will not support managed competition for city services when voters passed it overwhelmingly.

The decision to incentivise savings for pension funds augurs well for infrastructure financing and retirement planning.

Groups are corporations now. They have pension plans. Musicians have saw the daylight.

We will maintain and honor the commitments made to people in the IPERS system.

We owe our public servants, from school teachers to state employees, a sustainable and well-funded retirement that they can count on.

La combinación de tasas de rendimiento bajas (apenas por encima de la inflación) y las bajas tasas de ahorro de muchos empleados es simplemente una receta para la pobreza en la jubilación.

Ingenious, really: you pour junk-raised cash into a hostile takeover and sell the debt to your savings and loan, which the public ultimately must bail out. Then you mortgage the company to the hilt to pay off the funny money, loot the pension fund, run through the reserves, sell off everything of value, and dispose of the remaining bankrupt husk for whatever you can get. Magic! Loot that pays you extra to plunder it.

France actually had the first ever pension schemes: the Invalides, a hostel built by Louis XIV and his prime minister, Jean-Baptiste Colbert (1619–83), for disabled soldiers.

I am in favor of reducing all budget items. But the item I don't want to reduce is the pension expenditure because it affects the weakest part of society.

Contrary to what those in power would like you to believe so that you'll give up your pension, cut your wages, and settle for the life your great-grandparents had, America is not broke. Not by a long shot. The country is awash in wealth and cash.

It is true that a population which is growing older needs to save, but the question is in what form the savings are made.

I've been able to bring billions of dollars back to our state that has so desperately needed it - billions of dollars in relief to homeowners and our communities and our pension systems that desperately need it.

Having been an employee all his life, and trapped in the mental, maximum security prison known as job security, he did not know how to recover from his failures or learn from his mistakes, much less how to start over to replace his paycheck and his pension.