3M pensions: temporary insanity has hit some

For anyone to think that trial lawyers can claw back anything you've gained, especially lump sum pensions, shows how dense some people are to listen to rumors. Now, of course future pension payments are always subject to company performance, if bankruptcy really happens.

My theory on what is going on here with some of the comments:

Some trial lawyers have hired professional posters to scare current and future pensioners with b.s. notes about letters sent to 3M pensioners.

A few veterans have lost their marbles and are being egged on by attorneys to bring s-b stories here, even though there is no way in hades that 200 thousand have lost hearing due to allegedly defective earplugs.

A few gullible posters have read these scare stories and vent and rant here, especially the guy saying his wife is divorcing him if he loses his pension. Wtf? If that's who you really married, divorce will bring sanity to your life.

Some people are truly being mislead and need some common sense posters like this to bring them back from the cliff.

The last thing most trial lawyers want is 3M bankruptcy. They did that to asbestos manufacturers like Johns Manville and got pennies on the dollar when it went chapter 11 and still exists today.

I've sold my 3M shares at a loss and am waiting for a while to reinvest. Control what you can control. Get out for a walk in this beautiful Midwest September. Enjoy life!

Comment! It's anonymous!

6 replies (most recent on top)

The letter isn’t real. Your pension is fine. Even if bankruptcy comes the pensions are absorbed by insurance company Pension Benefit Guarantee Corp.

You mess with the bull, you get the horns. Your company screwed with hundreds of 1000s of veterans. Pay up. Pensions will be confiscated period.

The letter is real. The attorneys are real. Pensioners, get with your attorney and have them contact the plaintiff lawyers. You might be able to save half your pension if you sign on as part of the settlement. The longer you wait, the more you lose. No court will rule against veterans. Pay up for your company's sins.

Midwest is a $hite ho-e.

What do you mean the last thing plaintiffs want is 3M bankruptcy?

They have stated over and over the liability is 100B (way more than 3M is worth) and the company 'most likely' will declare bankruptcy in the next three years.

Face it there is NO WAY 3M will settle for more than a few billion, as anything more risks BK anyway, and the plain are looking at 30-40B minimum.

The only possible outcome is for the trials to continue, 3M to lose huge probably over a billion now that they have brought in the big g-ns, and 3M to keep fighting to get bankruptcy just for Aearo.

We know that isn't going to work so BK is the ONLY possible outcome.

Also remember they just had a .mediation and we have heard NOTHING. It's 3M bankruptcy for sure you mo--n.

Thankfully someone posting with common sense, ive never heard so much $hite being talked in all my life.
These people really need to get a grip.

Thread regarding 3M layoffs

3M pensions: temporary insanity has hit some

6 replies (most recent on top)

Post a reply