barbarus
Recycles dryer sheets
- Joined
- Aug 1, 2007
- Messages
- 433
OK, first you say it's not about unions, then you say it is. Have it both ways LOL! I don't have a dog in that fight. I understand the accounting issues, and it is obvious that DB pensions are dinosaurs, and will give way to DC retirement plans or 401K's. Many of us (me) started working before there was such a thing as an IRA, let alone a 401K. DB pensions were quite common, now they are being ruthlessly terminated by the Mega Corp's in BK. I'm just enjoying being a voice in the wilderness for the older folks who are getting scr%wed and don't have enough time left to recoup. When the DB pensions and healthcare are all gone where will the Mega Corp's turn in BK to get some quick cash?
It's frequently interesting to look at Mega Corp's compensation plan for upper management as a point of comparison when one ponders the fate of the average employee.
Not uncommonly, you'll find something of a disconnect between the two situations.