Posted on 12 May 2005. Tags: Labor, PBGC, Pensions, United Airline
You want an obscene contrast between the absolute flogging American workers are getting versus how big corporations are getting off? Compare the scandalous termination of the pension plans for 134,000 United Airlines workers, on the one hand, to the passage of the bankruptcy bill (with Democratic Party support), on the other hand. On the one […]
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Posted in General Interest
Posted on 13 March 2005. Tags: defined benefits, defined contribution, Labor, PBGC, Pension Benefit Guaranty Corporation, Pensions, United Airlines
I’m all behind the fight to keep Wall Street’s hands of Social Security but there’s a more silent attack on retirement: the destruction of the private pension system. Though I’ve written about this before, I was reminded of the problem today after reading Mary Williams Walsh’s piece in The New York Times on the government’s […]
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Posted in General Interest