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CAE Inc. Message Board

turdleshale 9 posts  |  Last Activity: Nov 10, 2014 8:57 AM Member since: Sep 16, 2006
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  • Reply to

    Monongahela Power

    by blatheringgenius Oct 24, 2014 7:37 PM
    turdleshale turdleshale Nov 10, 2014 8:57 AM Flag

    Smittensday: I’m sure Karl Marx and Vladimir Ulyanov, if alive today, would appreciate your anti-capitalist rant. Much of the environmental pollution and eventual regulation took time to evolve. You spout off as though you don’t understand that matter can neither be created nor destroyed? Contaminants which are no longer spewed into the atmosphere or discharged into waterways are captured by other means and typically buried in the ground for (most likely) a future generation to deal with. Nearly all industries generate some form of pollution. As a strong “Union Member”, did you ever earn a wage at one of these types of facilities? Did someone hold a gun to your head and force you to work there? Maybe you worked there because you subscribe to the philosophy of “equal liability of all to labor”? I once worked with an individual, a laid off coal miner, who begged a generation plant to hire him knowing the company provided a good wage, benefits, and job security. The company eventually hired him and in due time he went on to become one of the most virulent anti-company individuals and a rabid union advocate.

    Sentiment: Hold

  • Reply to

    Jesus Christ!

    by ayevsjohndoe Oct 21, 2014 7:21 PM
    turdleshale turdleshale Oct 23, 2014 4:29 PM Flag

    And you just added another 4.5% today! Are you retiring this weekend? Just consider yourself lucky. If I had gone long on X it would be Pink Sheet material by now.

  • turdleshale by turdleshale Oct 23, 2014 11:37 AM Flag

    I know this drop has a lot of people upset but let's not overreact. Relax, step outside and have a cigarette.

  • Reply to

    WOW FE down a lot today compared to other

    by plat46 Sep 24, 2014 1:17 PM
    turdleshale turdleshale Sep 25, 2014 7:19 AM Flag

    Yep, it's all based on where they place the mortality number. People are saying it's 81 for a male. That being said what FE is offering me calculates to me kicking the bucket at 70. So, if the actuaries do use 81, then I am losing 11 years of pension payments. But, what will that money be worth 15 years from now and is the pension payment going to be that critical with my finances? I think I mentioned before what FE is offering is essentially the equal of the 15 Year Certain Life Annuity where if I died before 70 my wife would continue to receive the payment until I would have been 70. It is a tough call. Not long ago I worked for a company that reduced and eliminated medical coverage, even on retirees. I was not affected because I didn't have the time, etc., but those who were affected threw a royal fit. After a week or so of employees venting their anger a "rumor" trickled down from executive management saying, "Give it another week, and those who continue to complain, get rid of them".

    Sentiment: Hold

  • Reply to

    WOW FE down a lot today compared to other

    by plat46 Sep 24, 2014 1:17 PM
    turdleshale turdleshale Sep 24, 2014 4:30 PM Flag

    Wall Street found out I accepted FE's lump sum buyout of my pension. It will nearly bankrupt the company.

  • Reply to

    Lump Sum Pension Buyout

    by turdleshale Sep 3, 2014 6:22 AM
    turdleshale turdleshale Sep 17, 2014 7:14 AM Flag

    Well, I received my offer and I feel it is an equitable deal especially when you compare today's dollars to tomorrow's dollars. My offer pretty much matched the 15 year certain life annuity under the old plan. I'm not 59 1/2 so I will have to roll it over into an IRA. I did expect the offer to be much higher, but obviously the actuaries know where the offer needs to be.

  • Reply to

    Lump Sum Pension Buyout

    by turdleshale Sep 3, 2014 6:22 AM
    turdleshale turdleshale Sep 15, 2014 7:53 AM Flag

    On the thumbs up or down, maybe you're right, but I disagree. It's a "Like" or "Dislike" indication, not one of subject knowledge or lack thereof. Years ago I worked for a company which was recently absorbed by FE and I never experienced a more cynical group, both supervision and labor. I know there are many who don't want to see others get something they don't. Sad, but true. It may end up being a low-ball offer, but I think that would be ignorant and a waste of time and money on the part of FE given the Internet information available on lump sum distributions. And, if there are eligible participants desperate for cash as you suggest, they've already had the opportunity pawn off their structured annuity. This is a move by FE to reduce pension liability. The cheapest way out is to make an equitable lump sum offer to the participant. Once that round is over FE will probably pay a third party to assume the remaining liability which is expensive, but it's off the books. At least we've breathed a little life into this otherwise dead message board. :)

  • Reply to

    Lump Sum Pension Buyout

    by turdleshale Sep 3, 2014 6:22 AM
    turdleshale turdleshale Sep 12, 2014 7:29 AM Flag

    Perhaps I should clarify. The lump sum buyout is being offered to former employees whose employment was terminated prior to January 1, 2014 and have not already commenced a monthly retirement. In addition, you cannot have a pending or finalized QDRO attached to your pension. This seems like a very narrow range of eligible individuals. Those giving me the “thumb down” are obviously not eligible and in turn jealous that they will not be able to take advantage of this potential golden opportunity.

    Sentiment: Strong Sell

  • turdleshale by turdleshale Sep 3, 2014 6:22 AM Flag

    Back on 06-09-2014 I posted a message kindly asking if anyone had heard about FE offering a lump sum pension buyout. No one replied, but I did receive 5 thumbs down for my post, and I'm not sure why? Anyway, I just received notification that FE will be offering a lump sum buyout to certain employees. Detailed information should go out in the mail next week and the participants have from 09-15-2014 to 10-31-2014 to make a decision. So, to those of you who gave me the "thumb down", turn it 180 degrees and shove it.

    Sentiment: Strong Sell

CAE
13.38-0.01(-0.07%)Nov 26 4:04 PMEST

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