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Lockheed Martin Corporation Message Board

d0n3wag 3 posts  |  Last Activity: Dec 22, 2014 10:36 AM Member since: Aug 29, 2011
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  • Reply to

    No more Pension Contributions.

    by i_am_rite Nov 26, 2014 4:59 PM
    d0n3wag d0n3wag Dec 22, 2014 10:36 AM Flag

    Deferred means withheld until a stated time..... then paid out to shareholders as stated....Hah!

  • Reply to

    No more Pension Contributions.

    by i_am_rite Nov 26, 2014 4:59 PM
    d0n3wag d0n3wag Dec 22, 2014 10:27 AM Flag

    ERISA considers pension as deferred compensation. Deferred is defined as withheld until a stated time. 'Withheld' has a different meaning than 'company paid'. I think retirees would be willing to take what was withheld plus say a return of 8% annual returns on the withheld amount. Do you think your masters will take what was withheld and pay it out to shareholders. It sure appears that way....but I am not one to cast judgement without all the facts. We will see.

  • Reply to

    No more Pension Contributions.

    by i_am_rite Nov 26, 2014 4:59 PM
    d0n3wag d0n3wag Dec 18, 2014 8:47 PM Flag

    The rules have changed for payouts to existing retirees from multi-company pension plans. This was tucked into the 2015 federal budget bill. Multi-company pension plans may now adjust payouts to existing retirees to keep the underfunded plans solvent. The solution for making the plans solvent by funding them was not an option. Democrats complained that it opens the door to single company payouts. If LMT doesn't fund the pension plan adequately then they may be rewarded by the law being changed. Hey, why dump money into the pension fund if we might get away without paying. Its kind of worrisome when the rules can be changed and barely mentioned in the media. Nothing is safe for the unrepresented.

LMT
196.84+0.41(+0.21%)Dec 26 4:01 PMEST

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