Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: richardred who wrote (462)	6/7/2005 2:25:06 AM
From: Dale Baker	Read Replies (2) \| Respond to of 541414

That raises an interesting philosophical question with practical implications. Should a private sector pension be as risky as private sector employment in general, i.e. maybe you work and maybe you don't depending on how the company does? Theoretically it seems to me that if you have a contract with an entity that goes out of business, you are screwed. This current business of putting a company into Chapter 11, dumping the pensions and then reemerging as an operating entity is a racket. Keep the company, keep the pensions. If the company folds, we can decide what if anything a government should do to help the innocent victims whose pension just blew up. I don't have strong feelings either way. Open for debate.