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View Diary: Hostess took workers' pension money to fund itself (158 comments)

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  •  I had my 401k Contributions stolen by employer (4+ / 0-)

    My employer kept withholding the money designated by the employees to be withheld from their pay but stopped depositing into their 401k accounts.  Oh, and they also continued to withhold all taxes and SS but failed to send those on their way as well.

    At least with pensions they are government backed but for individual 401k accounts you are just SOL if your employer decides to steal from you.

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