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|User Info||What's Dead? (Short Answer: All Of It); entered at 2009-03-05 22:28:29|
Registered: 2007-11-06 Behind the Irony Curtain
Note that in Argentina all the assets (26b + aprox 5b annual contributions) of the private retirement funds (AFJP's) were absorbed into (ANSES) the Social Security administrator which becomes responsible for all retirees.|
While it does open the door to all sorts of games, it is much more like private pension plans being absorbed into Social Security then a confiscation of 401K's
to support the general fund.