I have worked in private industry all my life as I said above. I did not say that most pension checks are annuities, but many, including mine, are. There are many types of annuities, some are paid long term and some are purchased lump sum. My company enrolls all employees pensions with the Pension Benefit Guaranty Corporation, a wholly employer/employee funded entity that receives no money from the Federal Goverment. My point was this, plans that provide for excessive annual increases in benefits that were not previously funded, as in an annuity or some othe secure financial instrument, eventually collapse from there own weight. They are nothing more than ponzi schemes similar to social security and rely on an ever increaseing number of payers to subsidize the payees. In economic times such as the present these schemes go broke.
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Today's Featured Article - Tractor Profile: Farmall M - by Staff. H so that mountable implements were interchaneable. The Farmall M was most popular with large-acreage row-crop farmers. It was powered by either a high-compression gas engine or a distillate version with lower compression. Options included the Lift-All hydraulic system, a belt pulley, PTO, rubber tires, starter, lights and a swinging drawbar. It could be ordered in the high-crop, wide-front or tricycle configurations. The high-crop version was called a Model MV.
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