Small Town Guy
Well-Known Member
- Joined
- Jun 2, 2007
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Joe Williams said:Question foroldstersmore veteran journos: Are pensions safe when a company goes under? I don't mean all the extra bennies, like health-care bridges to Medicare and stuff. I just mean the cold, hard cash that has been promised and projected.
They weren't safe for United. And this article, from 2005, said 20 companies had defaulted on pensions.
http://www.washingtonpost.com/wp-dyn/content/article/2005/06/12/AR2005061201367.html