Your Pension are not Safe

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	Your Pension are not Safe

Doctrader

9-7-2009 12:12 AM

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tags:

pension, 401k, 403b, retirement

Doctrader says:

Your Pension plans, 401k plans, and 403b plans are all in jeopardy, you have to take control now, before it will be too late.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/29bb11d1-baec-40ff-8f20-4266b3b88c21/3FE25514-B0AD-43EB-9855-A1CD2C4B35C1/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.wishtv.com/dpp/news/local/marion_county/Police_officers_worry_about_pensions_20090906" href="http://www.wishtv.com/dpp/news/local/marion_county/Police_officers_worry_about_pensions_20090906" style="font-size: 11px;">www.wishtv.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.wishtv.com/dpp/news/local/marion_county/Police_officers_worry_about_pensions_20090906"><H1 class="fontStyle51">Police officers worry<BR /> about pensions</H1></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.wishtv.com/dpp/news/local/marion_county/Police_officers_worry_about_pensions_20090906"><P>"The pension began in 1963," FOP President Bill Owensby said. "This is the first time ever that its been unfunded."</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.wishtv.com/dpp/news/local/marion_county/Police_officers_worry_about_pensions_20090906"><P>State law requires the sheriff's pension to be funded. A failure to fund it for three consecutive years results in the fund being dissolved.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.wishtv.com/dpp/news/local/marion_county/Police_officers_worry_about_pensions_20090906"><P>The Mayor insists it will be funded. The Sheriff pledges to work with the city on the matter</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.wishtv.com/dpp/news/local/marion_county/Police_officers_worry_about_pensions_20090906"><P>The FOP will hold an informational meeting Tuesday at 3 p.m. at the FOP Lodge on Washington St.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.wishtv.com/dpp/news/local/marion_county/Police_officers_worry_about_pensions_20090906"><P>INDIANAPOLIS (WISH) - Police officers plan to pack the City County Building on Wednesday to hear more hear about the public safety budget. While leaders struggle with funding issues some police officers are worried that there retirement savings may be in jeopardy.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.wishtv.com/dpp/news/local/marion_county/Police_officers_worry_about_pensions_20090906"><P>About 600 police officers are in the sheriff's pension fund. So far, the city has put $5 million into the fund, but its not enough. It is still $3.1 million short.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/3FE25514-B0AD-43EB-9855-A1CD2C4B35C1/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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