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/biz/ - Business & Finance

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57236221 No.57236221 [Reply] [Original]

>As of Dec. 31, 2022, 3M's U.S. pension plan assets totaled $12.648 billion, while projected benefit obligations totaled $13.505 billion, for a funding ratio of 93.7%, according to its most recent 10-K filing.
thanks for years of hard work. we bled all the surplus off your retirement. no refunds

>> No.57236266

>>57236221
Yes goy your retirement money in your 401k and social security is safe.

>> No.57236298

This is why BTC, silver and gold should be your retirement plan.

>> No.57236336

>>57236298
gen xers are boomer lites and still are all in believing they're not getting raped by their employer. they unironically believe the sponsored retirement plan is unbeatable.

>> No.57236562

>>57236221
93.7% funded is fantastically good. $850 million is a rounding error to 3M, their gross profit last year was $14 billion.

>> No.57236589

For "nonunion" employees? So unionized employees still get pension? hows that fair

Shouldn't it be other way around? Nonunion are more loyal to company?

>> No.57236688

>>57236589
>loyalty determines things not unionized employees with more legal protections
You're retarded.

>> No.57236720
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57236720

>>57236221
>>57236266
>>57236298
>>57236336
>>57236562
>>57236589
>>57236688

This is why you should own a 401k. Your company goes bankrupt, say goodbye to your pension.

>> No.57236822

>>57236720
Actually, pension obligations are insured and held in trust when a company goes bust. I get your sentiment but that's not actually how it works.

>> No.57236982

>>57236822
hence why they so often push seemingly lucrative stock options over traditional savings investment plans. no bailout for those baggies when shit tanks. see enron

>> No.57237027
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57237027

>>57236221
I've been living off my dad's govt pensions that he doesn't need bc he has an undeclared business that the IRS will never find out, couple that with the gains i get from funneling that money into spx and you get what is, in reality, rugging the US

>> No.57237035

Thanks unions. Once again fucking over hard workers so the union bosses can line their pockets and donate it to Democrats who pass more legislation to further line their pockets. It’s the union playbook, bend over the company backwards by dishonestly negotiating through the court of public opinion, handicapping the growth of the company/industry, then blame the board when they bled everyone dry. Who cares if the non-union employee gets fucked over? There are union kickbacks that are priority. You’re pro-labor, aren’t you?