Archives
Archive for February, 2007
Danger: Pension Perils Ahead
( Uncategorized
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…Before long, the combined pressures of inflation and the changing U.S. demographics will force the problem of supporting the retired into the forefront of the nation’s social concerns.
The Broken Promise
( Uncategorized
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…received the benefit payments until October 1990, when the check bounced. A corporate-takeover artist, later sent to prison for ripping off a pension fund and other financial improprieties, had stripped down the business and forced it into the U.S. bankruptcy court. There the obligation was erased, thanks to congressional legislation that gives employers the right to walk away from agreements with their employees.