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United Gets OK to Dump Four Pension Plans

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United Gets OK to Dump Four Pension Plans
Topic: Business 12:48 pm EDT, May 11, 2005

] "Taxpayers had better buckle up because we will be in for
] a bumpy ride of bailout after bailout, as more and more
] corporations dump their pension plan obligations on the
] PBGC," said U.S. Rep. Jan Schakowsky, D-Ill., referring
] to the Pension Benefit Guaranty Corp. that already is
] operating at a more than $23 billion deficit.

So let me see if I have this right. Personal bankruptcy (primarily caused by medical bills that have skyrocketed) is now much harder to do, at the same time these guys can dump off things that they agreed to in contract decades ago? AND we get stiffed with the bill as it gets handed off to the government?

United Gets OK to Dump Four Pension Plans



 
 
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