SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?


To: Mr. Whist who wrote (298401)9/19/2002 3:46:11 PM
From: JDN  Read Replies (1) | Respond to of 769670
 
Dear Flapjack: Well, you may know I am a retired CPA and I know something about pension plans. Defined Benefit plans are SO EXPENSIVE only the Govt employees seem to get them much anymore. Plus the bookkeeping involved is HORRENDOUS. So, I really cant blame a company for wanting to get off them. I can assure you though there are severe Federal Laws protecting the benefits of workers. Now, naturally, if you could get a Def. Ben plan at no cost to yourself WHY NOT, hell I would like to have one. But truth is it is uncompetitive today for the company. They didnt lie to you. JDN