Friday, March 12, 2004
Yahoo! News - The Pension Bomb: "Some, mostly unionized, industries cling to old-style pensions--autos, steel, airlines. They use the system to foist costs onto competitors and taxpayers. If a company doesn't have the cash to give workers a pay raise, it will fatten their pensions instead. When it goes bust, the federal Pension Benefit Guaranty Corp. has to make good on the promises. "
