What’s Driving the Attack on Pensions?
by Lee Sustar
Corporate America is rushing to get out of pension payments while the getting is good--before the crisis in retirement benefits eases. And for organized labor, the stakes on pensions are higher than ever. The news that United Airlines is prepared to kill its $8.3 billion pension plan and hand over the remains to the federal Pensions Benefits Guaranty Corp. (PBGC) raised the possibility that other airlines would follow suit....
http://www.dissidentvoice.org/Sept04/Sustar0904.htm
Corporate America is rushing to get out of pension payments while the getting is good--before the crisis in retirement benefits eases. And for organized labor, the stakes on pensions are higher than ever. The news that United Airlines is prepared to kill its $8.3 billion pension plan and hand over the remains to the federal Pensions Benefits Guaranty Corp. (PBGC) raised the possibility that other airlines would follow suit....
http://www.dissidentvoice.org/Sept04/Sustar0904.htm
Starmail - 4. Sep, 10:43
