Friday, May 29, 2015

New Supreme Court ruling on pensions could pave way for government to take them over

In a new and what appeared on the surface to be a fairly innocuous Supreme Court ruling last week, the high court determined that employers do have the right and responsibility for ensuring company based 401K plans are managed well, do not have inordinate fees, and perform profitably.  However, within this decision regarding Tibble v. Edison International, the Court also added a bombshell that could lead to the eventual ending of state sponsored retirement benefits, or even the confiscation of your funds at the national level.
 

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