Do you wonder about your pension? I didn’t and now the company has gone bankrupt under chapter 11. It looks like my pension could decrease up to 50 per cent.
When I retired eighteen years ago, I was told my pension was a paid up one. After 4 years retirement the company division was spun off and my pension went with it despite my complaints, but I was told it was the legal thing to do.
The spun off company was sold about about 5 years later and then it was amalgamated with another one to create one of the largest companies its field. Well it went under this last recession, and guess what, the CEO has arranged a separation package of several millions of dollars!!!!!! while us poor pensioners lose.
Greedy executives should not be allowed to have such generous separation packages as that. We need to organize into a group so that we can fight this injustice. Talk with your friends. Remember just HOW SAFE ARE YOUR PENSIONS?? Check them out. I am also on twitter under the name bearmist.
Archie Christiansen.