Retirement Heist

If you are retired or ever plan to retire, you have to see the Retirement Heist video on CSPAN. You may know you have been taken by your employer, but I bet you don’t even know the half of it.

CSPAN does not provide for embedding their videos in this post, so you will have to use the previous link to see it.  Here is the summary that went along with the video:

Ellen Schultz argued that many large employers have plundered employee pension plans over the past decades and detailed some of their tactics. She also talked about the crisis this loss has created. She responded to questions from the retiree association leaders in the audience. This talk was part of their orientation for the National Retiree Legislative Network’s third annual Washington, D.C., Fly-In to advocate for retirement issues.

I first heard of Ellen Schultz in a comment on the CBS web site.  I mentioned this and linked to it in my previous post, Did Romney actually create jobs at Bain?  As I said there, this comment gave more details about what I was explaining in the post before that one, When Mitt Romney Came To Town — Full, complete version.

When I wrote up those comments, I had no idea of the magnitude of the scam that I was describing.

If you know anybody who still thinks that rich people got that way because they work harder than their lazy employees, then force them to look at this video,

If you think that a 52 minute video is too long to watch, consider just watching a little bit of it. It may draw you in to watching the whole thing, but in any case from whatever amount of this that you see, you will have learned something valuable.

You can also break up your viewing into segments. Just remember the time stamp of where you stopped the last segment. When you open the video again, just slide the slider to the remembered time stamp.

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