Pension Plans Quotes:

The only way people can repay the debt is by cutting their living standards very drastically. It means agreeing to shift their pension plans from defined benefit plans - when you know what you're going to get - into just "defined contribution plans," where you put money in, like into a roach motel, and you don't know what's coming out.

- Michael Hudson

source: Source: www.counterpunch.org

topic: Mean, Cutting, Pension Plans, Motels

...and suddenly it hits you: Human skin is actually made up of billions of tiny units of protoplasm, called "cells"! And what is even more interesting, the ones on the outside are all dying! This is a fact. Your skin is like an aggressive modern corporation, where the older veteran cells, who have finally worked their way to the top and obtained offices with nice views,are constantly being shoved out the window head first, without so much as a pension plan,by younger hotshot cells moving up from below.

- Dave Barry

topic: Nice, Moving, Pension Plans, Moving Up, Pension

You have to abolish pension plans. You have to abolish social spending. You have to raise taxes. You have to have at least fifty percent of the European population emigrate, either to Russia or China. You would have to have mass starvation. Very simple. That's the price that the Eurozone thinks is well worth paying.

- Michael Hudson

source: Source: www.counterpunch.org

topic: Simple, Thinking, Pension Plans, Eurozone

Under Reagan came the idea of putting your pension plan in the stock market, which wasn't a guaranteed pension.

- Michael Moore

topic: Pension Plans, Ideas, Plans

The system is not intended as a substitute for private savings, pension plans, and insurance protection. It is, rather, intended as the foundation upon which these other forms of protection can be soundly built. Thus, the individual's own work, his planning and his thrift will bring him a higher standard of living upon his retirement, or his family a higher standard of living in the event of his death, than would otherwise be the case. Hence the system both encourages thrift and self-reliance, and helps to prevent destitution in our national life.

- Dwight D. Eisenhower

topic: Retirement, Pension Plans, Self, Standards Of Living, Pension

I think I'd make a pretty good president, and they have a great pension plan.

- Pat Paulsen

topic: Thinking, President, Plans, Pension Plans

The story of Detroit's bankruptcy was simple enough: Allow capitalism to grow the city, campaign against income inequality, tax the job creators until they flee, increase government spending in order to boost employment, promise generous pension plans to keep people voting for failure. Rinse, wash and repeat.

- Ben Shapiro

topic: Jobs, Simple, Cities, Income Inequality, Job Creators

The simple index fund solution has been adopted as a cornerstone of investment strategy for many of the nation's pension plans operated by our giant corporations and state and local governments. Indexing is also the predominant strategy for the largest of them all, the retirement plan for federal government employees, the Federal Thrift Savings Plan (TSP). The plan has been a remarkable success, and now holds some $173 billion of assets for the benefit of our public servants and members of armed services.

- David F. Swensen

topic: Retirement, Simple, Government, Index Funds, Pension Plans

I suppose, as a politician, I should be content, for the Canada Pension Plan certainly put my name in Canada's history books, and in italics.

- Judy LaMarsh

source: Judy LaMarsh (1969). “Memoirs of a Bird in a Gilded Cage”, Toronto ; Montreal : McClelland and Stewart

topic: Book, Names, Canada, Pension Plans

People don't place their trust in government or company pension plans; they have to be self-reliant.

- Scott D. Cook

topic: Self, Government, People, Pension Plans

Groups are corporations now. They have pension plans. Musicians have saw the daylight.

- John Lee Hooker

topic: Musician, Groups, Daylight, Pension Plans

You most likely need a thesaurus, a rudimentary grammar book, and a grip on reality. This latter means: there's no free lunch. Writing is work. It's also gambling. You don't get a pension plan. Other people can help you a bit, but ­essentially you're on your own. Nobody is making you do this: you chose it, so don't whine.

- Margaret Atwood

topic: Book, Writing, Mean, Pension Plans, Free Lunch

Withdraw from the Canada Pension Plan... Collect our own revenue from personal income tax... Resume provincial responsibility for health-care policy. If Ottawa objects to provincial policy, fight in the courts... [E]ach province should raise its own revenue for health... It is imperative to take the initiative, to build firewalls around Alberta...

- Stephen Harper

topic: Responsibility, Fighting, Income, Jurisdiction, Pension Plans

The universe is like a pension plan. It will match your investment.

- Camryn Manheim

topic: Investment, Plans, Pension, Pension Plans

In 2008, when the real estate market blew up, it principally hurt older people who saw the value of their houses go down, along with their pension plans.

- Juan Williams

topic: Hurt, Real, People, Pension Plans, Older People

A corporation's responsibility is to the shareholders, not its retirees and employees. Companies are doing everything they can to get rid of pension plans and they will succeed.

- Ben Stein

topic: Responsibility, Corporations, Succeed, Pension Plans, Pension

You can't have bank holding companies acting as hedge funds. You can't have them taking a million-dollar pension plan for Joe Schmo the bus driver and treat it with the same risk appetite that you treat George Soros' pocket money. It's fundamentally ridiculous.

- Shia LaBeouf

topic: Risk, Acting, Pockets, Pension Plans, Million Dollars