Yahoo! News – The Pension Bomb: “Some, mostly unionized, industries cling to old-style pensions–autos, steel, airlines. They use the system to foist costs onto competitors and taxpayers. If a company doesn’t have the cash to give workers a pay raise, it will fatten their pensions instead. When it goes bust, the federal Pension Benefit Guaranty Corp. has to make good on the promises. “

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.