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#pension

2 posts2 participants0 posts today
Continued thread

Day 22 cont 📻💰💰💰🏡⚠️

This radio interview was in 2002, 23 years ago!

“As the interviewer, you see the switchboard at your radio station lighting up. Lots of your listeners want to talk to the prime minister. You take some callers, and one of them is named Phyllis.”

“Phyllis: I won't be as aggressive as to shake my fist at you, but I'll certainly shake my finger at you when you say that someone who owns their home has no problem, they're sitting on a nice little nest egg.

We're on a #pension and we would like to #sell our home, go into a #unit or a #townhouse or something.

But we can't do that because if we do, we're going to spend the whole amount just on a townhouse or a unit and we'll have nothing left over if we need to do anything to it. So we're stuck.

PM: Look Phyllis, what I said was that not everybody was sitting on a #NestEgg. I said people had not complained about the #value of their house going up.

Cont …

Last night I checked on an old parked #pension #fund, prompted by recent #trumpness.
While up 10.5% from last year, it was down 3% over the last 3 months. From last night to this morning it dropped another 2% in value (as a fund, its valuation clearly lags the actual #stock market.) So tomorrow Im expecting to see it make up anywhere from 2-5% I guess.
Not touching it, not my main #retirement account (not gonna look at that), but this has to be wracking for many. :(

A confidential Revenue paper said a massive loophole in pensions law meant some people could wipe out all of their tax liability by transferring huge sums into a retirement saving fund for spouses and other family members.

The paper said the link between salary and pension had been completely “broken” and the system left open for large scale abuse by the wealthy.

Our latest set of records available at:

thestory.ie/2025/04/04/pension

AJ Bell states that a pensioner needs an annual income of £14,400 to meet minimum living standards. However, the UK state #pension only provides £9,170 for those born before 1951 and £11,973 for those born after, suggesting the UK may accept that pensioners could live in poverty.

Replied in thread

@LShashaty

#ChuckSchumer doesn't care

#Schumer doesn't care about #YoungPeople or #OldPeople or any part of #America

Schumer cares only about the geriatric white men of the #DemocraticNationalCommittee and his world-class #HealthCare and his lifetime #Pension and his personal #NetWorth

Schumer is gliding down, hanging from his #GoldenParachute, descending into the #GoldenYears of his retirement

That's all that matters now

The #UnitedStatesofAmerica can go suck eggs for all Chuck cares

Replied in thread

@knittingknots2

#ChuckSchumer doesn't care

#Schumer doesn't care about #YoungPeople or #OldPeople or any part of #America

Schumer cares only about the geriatric white men of the #DemocraticNationalCommittee and his world-class #HealthCare and his lifetime #Pension and his personal #NetWorth

Schumer is gliding down, hanging from his #GoldenParachute, descending into the #GoldenYears of his retirement

That's all that matters now

The #UnitedStatesofAmerica can go suck eggs for all Chuck cares

The chairman of the Faroese union Havnar Arbeiðarafelag has said that he expects there to be a new, more left-wing, party at the next election.

This comes as the "left-wing" coalition we have today (Javnaðarflokkurin, Tjóðveldið, and Framsøkn) is going to vote today on increasing the pension age to 70 (while excluding themselves from this increased pension age ofc).

in.fo/news-detail/vaentar-ein-

www.in.foVæntar ein nýggjan arbeiðaraflokk til næsta val70 ára pensjónsaldur: Arbeiðarin hevur ongan góðan í politisku skipanini, sigur formaðurin í Havnar Arbeiðarafelag, sum væntar ein nýggjan javnaðarflokk til næsta val

Hey all, Between The Lines is a #Toronto #SmallPress that's hosting a book launch for "Invested in Crisis", which looks fascinating & I wish I could go (Desc: "Join Tom Fraser in conversation with Deborah Cowen as they discuss the rise of mega-pension-funds and the weakening of the working class.")

Sadly it is only in-person, but I thought I'd let any of my #GTA-located followers who might be interested know.

eventbrite.ca/e/invested-in-cr

EventbriteInvested In Crisis - Toronto Book LaunchJoin Tom Fraser in conversation with Deborah Cowen as they discuss the rise of mega-pension-funds and the weakening of the working class.
Replied in thread

@tagesschau

Die SPD kippt nach der Wahl sowieso in die Richtung, die ihr die meistens Pöstchen bringt, damit niemand an Altersarmut leidet.

Allgemein regt es mich am meisten auf, wenn diese ganzen schwarzen, rechten und schwurbliegen Dullies am Ende noch Pensionsanteile kassieren, von denen ich nach 45 Jahren Arbeit nur träumen kann.