Quote:
Originally Posted by bizaro86
Outlawing them isn't the right move. But there needs to be some sort of change where comanies going bankrupt don't stick the public purse (or their employees!) with a huge unfunded pension liability. It's not fair for employees near retirement age to lose benefits they've been counting on (when it's too late to replace them by savings) but it isn't fair for the rest of us to foot the bill either.
Some sort of system has to be worked out that protects both groups in the event of a Nortel type situation.
|
I definitely agree with that. I have clients who worked for Nortel and really that situation is a disgrace. I just think that the overall benefits of these plans are also far reaching and when they work they provide excellent stability for individuals.