saluki9
Thinks s/he gets paid by the post
- Joined
- Feb 23, 2005
- Messages
- 2,032
Yeah, it's called PBGC (Penion Benefit Guarantee Corporation). However, there is NOT enough money to absorb huge pension losses like GM and others. Also, the PBGC limits the amount you get, I think you are limited to a specific dollar amount or percentage of what you used to get, so its less........
I wouldn't worry, of all the problems GM has, pension funding isn't one of them.
Health care is another issue, the question is if they will be able to fund the VEBA with the unions.