crazy connie
Thinks s/he gets paid by the post
- Joined
- Feb 1, 2006
- Messages
- 1,183
Now I am not an expert on this.. but I just wondered how many retirees and active employees got pensions kicked to the PBGC today. It seems that an old company with 25000 active US employees ought to have say another 40000 to 50000 retirees already? What do you think?
This may be the largest group dumped into PBGC ever. Remember that Worldcom and Enron were both ultra high but short term growth companies. They were not decades long venerable institutions.
How long till we get to start picking up the tab for this? PBGC may not be funded for the first decade of this century.
Also, I bet a lot of early retirement types just got totally blindsided. I feel really bad for the working folks there.
This may be the largest group dumped into PBGC ever. Remember that Worldcom and Enron were both ultra high but short term growth companies. They were not decades long venerable institutions.
How long till we get to start picking up the tab for this? PBGC may not be funded for the first decade of this century.
Also, I bet a lot of early retirement types just got totally blindsided. I feel really bad for the working folks there.