12:00 BBC World Service For over 70 years, BBC World Service has been the globe's most comprehensive source for news. When news breaks — anywhere, anytime — BBC is there.
9:00 BBC Newshour Newshour is the BBC's flagship news program, specializing in bringing listeners not only the facts, but also the in-depth analysis and commentary behind the headlines.
10:00 On Point On Point unites distinct and provocative voices with passionate discussion as it confronts the stories that are at the center of what is important in the world today.
Many in our region depending on company pension plans are worried
WKSU's Vivian Goodman reports
You might want to sit down before you read that 401 K quarterly report. Retirement earnings are plummeting, right along with the Dow Industrials.
According to testimony last week before a House panel, pension plans have lost as much as two trillion dollars in the past 15 months. WKSU's Vivian Goodman reports that's forced many Northeast Ohioans to re-think their retirement plans.
Click to ListenOther options: Realplayer / Windows Media / MP3 Download(4:08)
(Click image for larger view.)
Listener Comments:
According to Case's Professor Mahnic, the PBGC only insures up to the maximum of 24,000 dollars. So if you have a 50,000 dollar pension from let’s say B.F.Goodrich and it goes bankrupt, your pension income would drop to the maximum that the federal insurance company’s going to pay. Posted by: Vivian (Kent) on October 16, 2008 3:02PM
There is always the PBGC to help with pensions - which ironically and thankfully, even in the market downturn, will emerge as the retirement stabilizer. Just ask anyone with a 401(k). Posted by: BlueCollarDollar.com (http://bluecollardollar.com) on October 16, 2008 8:45AM
Im hearing rumours of a deal that was made with John concerning him being advanced to a Colonel in the Air Force for a yes vote. This would be very interesting...
Washington is telling us “To hell with the Constitution, to hell with America”
Now the President and Nancy Pelosi are intending to push the health care bil...
Ladies and Gentlemen,
I was born and reared in the Bellefontaine Ohio area and lived there for over 40 years until my job with Westinghouse took me to Tennesse...
Fascinating story about people battling against the elements. The photos show how cold it must get when the ship is out in the ice.
Makes me glad that I left i...
contrary to the sound bite from the teabagger claiming that 60% of people want nothing to do with obama's health care proposals, this week's Economist/YouGov po...
Posted by: Vivian (Kent) on October 16, 2008 3:02PM
Posted by: BlueCollarDollar.com (http://bluecollardollar.com) on October 16, 2008 8:45AM