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Non-Cattle Specific Topics
Coffee Shop
Pensions
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<blockquote data-quote="HerefordSire" data-source="post: 674007" data-attributes="member: 4437"><p><em>I am still not sure I undersatand, but if I do....</em></p><p><em></em></p><p><em>A deal is a deal. This is a fundamental concept of Business Law. Even though states and companies are trying to lower their liabilities and cash flow due to pension cash outflows as the result of their retirment portfolios tanking in value due to the markets and recession, the payers of benefits are on the hook. I don't see any way out for the governments or anyone receiving payments from a pension system, unless the system goes bankrupt. If they were to retract the laws of some pension receivers, then the entire economic system could fall because no one could depend (trust) on any entitlement.</em></p><p><em></em></p><p><em>Trust in law is the key idea.</em></p></blockquote><p></p>
[QUOTE="HerefordSire, post: 674007, member: 4437"] [i]I am still not sure I undersatand, but if I do.... A deal is a deal. This is a fundamental concept of Business Law. Even though states and companies are trying to lower their liabilities and cash flow due to pension cash outflows as the result of their retirment portfolios tanking in value due to the markets and recession, the payers of benefits are on the hook. I don't see any way out for the governments or anyone receiving payments from a pension system, unless the system goes bankrupt. If they were to retract the laws of some pension receivers, then the entire economic system could fall because no one could depend (trust) on any entitlement. Trust in law is the key idea.[/i] [/QUOTE]
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