Keep Pension Promises
|
TOOLBOX
   Resize
COMMENT
 Discussion Policy
 CLOSE
Comments that include profanity or personal attacks or other inappropriate comments or material will be removed from the site. Additionally, entries that are unsigned or contain "signatures" by someone other than the actual author will be removed. Finally, we will take steps to block users who violate any of our posting standards, terms of use or privacy policies or any other policies governing this site. Please review the full rules governing commentaries and discussions. You are fully responsible for the content that you post.
Who's Blogging  |
Regarding Edward Portner's Feb. 11 letter, which criticized defined-benefit pension plans:
As a 30-year employee of a company that is poised to dump its "bad idea" on the Pension Benefit Guaranty Corp., robbing me of benefits I rightfully have anticipated, I object to Mr. Portner's apparent attitude that just because defined-benefit plans aren't the norm for most pensioners, they should be scrapped before fulfilling their obligations to aging employees.
Mr. Portner said that defined-benefit plans present "difficulties" for employers and that the PBGC is not equipped to handle employer insolvency. Neither issue should be my problem.
I have been promised my pension benefits for 30 years. But in today's business climate of broken promises to employees -- who are more productive than ever but are paid less, and whose jobs are being outsourced in the name of profit -- I should have known better.
JAN McCARTHY
Great Falls
