Government Pension Funds
We have all had questions on Government Pension Funds before. Below are the top questions posed by visitors just like you to our. We hope our answers located below will help you solve your funding problems today. Feel free to ask another question, or even comment on what has been written.
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Emma Said:
Does anyone know if you can withdraw funds from the Local Government Pension scheme if you've been in 7yrs?We Answered:
You can withdraw your own contributions by quitting and then immediately rehired. The personnel office can assist you. But you'll lose all seniority service credit.Joy Said:
Why did the Labour government ruin old peoples pension funds?We Answered:
When Gordon Brown's tenure at the Chancellery is placed under the microscope is can only come up with one conclusion; Either Gross incompetence or criminal neglect!It is one or the other!Millions of pensioners who have worked hard and saved hard all of their working lives have seen their livelihood decimated because of sheer incompetence.
Now this is an individual and a political party who continually state that they represent the ordinary worker and pensioner;The question I humbly ask is this!
Has the Labour Party fallen well short of their job description statement as that portrayed in their original Manifesto?
Labour has failed the people it has sworn to protect;The ordinary man and woman in the street.
But people tend to forget one very important point;And it is this.
What sort of pension will your Children and Grand Children receive when they become of pensionable age?Because of Labour's inability to be able to run a country effectively and efficiently!
Let us be honest;Labour are only good when it comes to the usual mundane Student Union stuff such as Ban Smoking in public places and Ban foxhunting;But when it comes to the more serious legislature and innovation policies;They are an absolute disaster!
One of those disasters is the extended drinking hours where the police, ambulance staff and medical doctors and nurses are all having to clear up the mess after them.
Failures the lot of them!
Julio Said:
Pension funds status question concerning current stock market conditions. How safe are they?We Answered:
Today a consortium of businesses made a request to the government to allow an extended period of time to fund their pensions due to loses in the current market. Apparently the pensions are currently underfunded by about $4 trillion.None of the companies in the consortium was identified but was represented by a third party to keep the companies names confidential.
Although most companies claim to jointly fund the pension with the employees, sometimes the company does not have to provide funding during a specific year if the investment gains exceed the needed employers contribution during that year.
All pension funds in the US are government insured. However, a 100% payout is not guaranteed if the fund is underfunded ($44,386.32 per year maximum guarantee by the government).
Dale Said:
Why does the government Guarantee council pension funds?We Answered:
I wonder if politicians put their own pensions into Madoff style investments?Willie Said:
With pension funds failing what right does a government have to encourage people to live longer?We Answered:
Champion that cause to your heart's content.I'm waiting for Solient Green anyway.
Barry Said:
Germany has a wonderful government funded pension plan, why cant the US do the same?We Answered:
I think the majority of America would be against this. Social Security needs to be reformed, and very few people disagree with that, but investing more money into it to mirror a very young european program probably will not happen::to neo-fascist::
get your facts straight before you post. Germany holds the world's 4th largest GDP. It has a very GOOD economy.