Friday, October 31, 2008

Ruptured Surround Sound

TFR and Pensions - Three million Italians in jail, by Beppe Science

Who took his severance pay in the company had a yield of 3.5%. Who, following the advice of trade unions, political parties and financial advisors, has invested in pension funds lost about 20%. And it is only the beginning. With the stock market dive, the settlement for future retirees to serve the cappuccinos and the birdseed to the pigeons. Unions, Confindustria, parties and banks were swallowed up another treasure. No longer remains almost nothing to strip the flesh off the citizen. They can only cut services, schools, police, the health of the pan until the epilogue Argentina. -------------------------------------------------- ----------------------------------- "For Italians, the supplementary pension is like a prison. unions and economists regime (Marcello Messori, Giuliano Cassola, Elsa Fornero, etc..), have pulled a trick with the pension funds. About three million workers have given up their severance pay and now they are trapped forever. Moreover teased by people who wanted to get rich behind them, as the management company that Soul had the gall to say: "The investment in a pension fund is a smart choice." It have seen that kind of choice was: the summer of 2007 a blow after another. The trap was activated in June last year. Since then it went bad first and then badly in 2008. They know something the chemical workers (Fonchim bottom) and at the end of September lost 14.8% year to date, metalworkers (bottom Comet) with a loss of 10% or railroad (Eurofer bottom) with a deficit of 17%. These are the stock minus the lines, but the others have done worse than the TFR. But the worst thing is the lack of freedom. People who joined a pension fund, especially at the insistence of unions, is like a life sentence. As long as he works, his severance pay continue to end up there, willy-nilly. But retiring will get only probation. Half of what you will be saved (the so-called mast), can not withdraw it because it will be converted into an annuity, on terms decided by others. Unfortunately he can not even hope for the grace of the Head of State. For the supplementary pension is not provided. On the other hand can change cell every two years. That is, for example, can switch from one line and a guaranteed share, remaining in that fund. Too bad that these guarantees is just propaganda, with lines "guaranteed" in a negative 3% since the beginning of 2008 (bottom Fonchim)! Wanting can even change prison. That is not only line management, but also the bottom. However, can not regain their freedom: a life sentence is life imprisonment! He remained at liberty those who only took the TFR. Quiet and safe, he sees it grow day by day (about 3.5% by early 2008). If you change jobs or retire it receives all at once, and it is free to do what he wants. So he did know who has heard the advice of Beppe Grillo, my family or even Christian. On the other unions of the nerve has no limits. Not content with the bottom of disfiguring collected for the school (Hesperus), a few days ago CGIL, CISL, UIL and so on. met to be a part two to cover the entire public sector (Sirius and Perseus). It sounds like a joke. "

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