[etni] Fwd: re: Important change in sabbatical finances FYI
- From: ETNI list <etni.list@xxxxxxxxx>
- To: Etni <etni@xxxxxxxxxxxxx>
- Date: Mon, 6 Dec 2010 10:12:52 +0200
---------- Forwarded message ----------
From: rachelli <green_p@xxxxxxxxxxxxxxxx>
Subject: Re: Important change in sabbatical finances FYI
WELCOME TO THE REAL WORLD
LETS KEEP ON ELECTING A BUNCH OF SOCIALLY BLIND, DEAF AND DUMB
"LEADERS" WHOSE MAIN TARGETS ARE TO EMPTY PERSONAL AND NATIONAL
SOURCES AND
TRANSFER THEM - BY USING THE MAGIC WORDS OF EFFECTIVE MANAGEMENT AND
PRIVATISATION - TO A SMALL GROUP OF EQUALLY DEAF, DUMB AND BLIND RICH
FAMILIES , AND WE'LL END UP HAVING NO LIFE SAVINGS AT ALL.
DON'T BE NAIVE , THEY PROBABLY HAVE ALREADY PASSED THE LAWS WHICH MOST
PROBABLY SAY THEY DON'T NEED YOUR / OUR PERMISSION.
AND YES , IT'S PLAYING POKER WITH OUR MONEY .
BTW , WHERE ARE OUR ALMIGHTY UNIONS TO STOP IT , OR MAYBE OUR GREAT
UNION LEADERS ARE ON SOME HISHTALMUT TRIP ABROAD ?
ENJOY YOUR HANUKA,
RACHELLI
Esther wrote:
> Hi! My heart goes out to everyone in the fire affected area. It's
> interesting, exactly 2 years ago on Shabbat Chanuka the Cast Lead
> Operation began here in Netivot just 2 days after this present crisis
> commenced. It's just a lamentable shame that it takes disasters to
> bring us together in unity as a nation, despite our differences.
> **sigh**
>
> Anyway, I just discovered something VERY important from Bank
> Ha'benleumi today. Like everyone else with a keren hishtalmut, I got
> my yearly summary of finances and a long letter about "shinui mivne"
> of the fund. I'm not good at Hebrew documents so called the number in
> Tel Aviv and was told this:
>
> Until now, our savings have been like a 'kupat gemel' -- funds locked
> away with a set 4.5% annual interest rate of growth. As of January
> 2011, the funds according to law must undergo a change and will from
> now on be managed differently by a different organization/ fund.
>
> In short: OUR SAVINGS WILL BE TIED UP WITH THE STOCK MARKET!! I don't
> know how they can legally do this without our permission!! My Dad's
> bosses botched up his pension on the American stock market and he lost
> 29 years of his pension fund; he had to work until age 72 to make up
> for that mess!!!!! Does anyone know if we can object????? I would
> rather have my 4.5% as a certainty than play poker or blackjack with
> my "shabbaton" funds. (I am not wealthy enough to lose a penny of this
> money!) For those who are 'mavins' as they say in Yiddish about stocks
> and bonds-- be my guest, but with your money and not mine. It simply
> galls me!!!! The past two years are enough to turn off anyone from the
> "bursa", what with the instability of worldwide stock exchanges!
>
> Any comments or information will be welcome.
> Sincerely,
> Esther Revivo
>
> P.S. FYI: If you go out on early pension as I did, you are not allowed
> to remove your sabbatical savings until the due date even if you no
> longer contribute a penny to the fund. (I now work 1/3 misra for the
> Sedot Negev Regional Council and have begun a sabbatical fund managed
> by another organization.) The same goes for Keren Gal and Keren Dafna;
> I believe one must wait until age 62 to redeem these funds.
-----------------------------------------------
** Etni homepage - http://www.etni.org
** for help - ask@xxxxxxxx **
** to post to this list - etni@xxxxxxxxxxxxx **
-----------------------------------------------
Other related posts:
- » [etni] Fwd: re: Important change in sabbatical finances FYI - ETNI list