TRUMBULL, Conn. -- Pension Governance, LLC President, Dr. Susan M. Mangiero, and Mr. Steven Zelin, the Singing CPA, have co-created a (hopefully) memorable ballad about the state of affairs in pension land. The decision to use satire is in no way meant to impugn the thousands of hard-working fiduciaries
Click here to listen to a one-verse sampler.
Click here to listen to the full five-verse song.
If you want to sing along, here are the lyrics.
PENSION TENSION BLUES Words by Susan M. Mangiero and Steven Zelin Music by Steven Zelin Copyright 2007 Pension Governance, LLC and Steven Zelin. All rights reserved. 71 bpm I work for a corporation. I've been there 30 years But my pension plan went bankrupt; It has left me in tears They're telling me now I gotta work till I'm 432 I got the pension tension bliss suspension nobody ever mentioned blues I signed that stupid paper 100 years ago It said if I worked forever, they'd give me lots of dough I wish I knew what happened; I can't find many clues I got the pension tension bliss suspension nobody ever mentioned blues I thought the plan was looked at by a bunch of CPAs Thought they said it all looked just fine, then gave their Okay's But I guess something was happening outside their view, now I got the pension tension bliss suspension nobody ever mentioned blues They invested in some hedge funds and paid up lots of fees They gambled all my money, with no guarantees, now I've got nothin' for tomorrow and you know I'm gonna sue I got the pension tension bliss suspension nobody ever mentioned blues Guess I should have realized my account was discretionary Now all I got is these papers. What's a fiduciary? I'm putting all my stuff on e-bay, I gotta raise some cash My piggy bank is empty, my portfolio has crashed I read that Social Security has gone down the tubes I got the pension tension bliss suspension nobody ever mentioned blues I got the pension tension blues I got the pension tension blues