Pension Plan Blow Up #127 - a podcast by Raider-Cop Nation
from 2020-02-19T08:56:05
Podcast: Raider-Cop Podcast
Date: Feb 19, 2020
Episode #127
Subject: Pension Plan Blow Up
Host: Al Martinino, Aka Alpha Mike
Characters: All First Responders Pension Plans
Intro: Host Al Martinino, talks about President Trumps recent "State Of The Union" speech and Virgina Bolshevik Guns law.
Word Of The Week: Though I speak with the tongues of men and of angels, but have not love, I have become sounding brass or a clanging cymbal. And though I have the gift of prophecy, and understand all mysteries and all knowledge, and though I have all faith, so that I could remove mountains, but have not love, I am nothing. And though I bestow all my goods to feed the poor, and though I give my body to be burned, but have not love, it profits me nothing. 1 Corinthians 13:1-3
Website: https://TestEverything1521.buzzsprout.com
Main Topic: Outline Format
- Money is the root of all evil
- Two billion people at risk of losing their pensions world wide
- The public pension system is about to collapse in America
- Wall Street is at the helm, and the money has been stolen
- Just as Jimmy Hoffa Teamsters, invested in Las Vegas and loss, pensions are being gambled
- 401K created in the 1970's as a employee supplement savings plan, not a retirement plan
- Financial planners birth in the 70's, school teachers, shoe salesman, etc
- Today Gov't want to replace pension plans with 401k
- In the future Employers may not contribute to 401k
- Pension plan are under funded and Wall Street steps in with high fee's
- List of Gov't pensions recently in the news
- Most pension boards have no experience in running the fund
- Call to action
Reference:
Dallas Police and Fire Pension chief isn't afraid of burning bridges to save the system
City of Dallas owes more than $2 million to police and fire pension, lawsuit claims
Billions in pension shortfalls threatening Texas cities' budgets
Lexington shorted its police and fire pension fund $3.6 million over a decade
Michigan Police Pension Files Securities Lawsuit Against Prudential
Bill to consolidate Illinois public safety pension funds passes legislature
Bill to protect Oklahoma officer pensions should pass
Puerto Rico 2.6 million pension fund went to hacker instead
New Mexico Public Pension Reform Passes in Senate
WB Pension Board votes against higher contributions
Detroit pension fund sues its oversight panel over 'unlawful' executive pay raise
California Public Pension Debt Soars to $1.4 Trillion in 2016, Up 45% in Just Two Years
Perris paid off $14.3 million in pension debt, while other California governments struggle with it
Riverside County’s unfunded pension debt grows to $3.5 billion
Florida Supreme Court upholds law requiring state workers to contribute 3 percent to pension plan
With Debt and Unfunded Liabilities Growing, Florida’s Pension System Still Needs Reform
Pittsburgh Municipal Pension Trust Fund explores divestment from fossil fuels
Song of the Week: Gary B.B. Coleman - The Sky is Crying
Up Next: Why RICO ? #128
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