That's one of the changes they didn't make, maintaining a pension plan rather than putting into place ways the employees could save for their own retirement. Most places today don't have them (full disclosure: my company still does, although it was pared back several years ago and the 401k plan was beefed up). That's one of the many reasons that sunk GM just as one example, the joke was that they were a pension plan that also built cars. I'd say most municipalities and states are in similar straights or getting there due to the overly generous (by private standards) employee benefits and pension plans. It is said that some cities will have to cut most services just to pay pensions. How would you like to live in a place where they can't pick up the trash, fix the streets or respond timely to emergency calls for police and fire so the retired accountant can still get her fat pension check, all the while the city fathers are getting more and more tax money from you? Something to think about.
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Today's Featured Article - 12-Volt Conversions for 4-Cylinder Ford 2000 & 4000 Tractors - by Tommy Duvall. After two summers of having to park my old 1964 model 4000 gas 4 cyl. on a hill just in case the 6 volt system, for whatever reason, would not crank her, I decided to try the 12 volt conversion. After some research of convert or not, I decided to go ahead, the main reason being that this tractor was a working tractor, not a show tractor (yet). I did keep everything I replaced for the day I do want to restore her to showroom condition.
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1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
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