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

To: Rambi who wrote (488)	6/7/2005 10:51:36 AM
From: Dale Baker	Respond to of 541457

The more I think about it, letting companies dump their pensions on the state sounds a lot like the anticompetitive policies that many Americans criticize in Europe, i.e. not letting companies fail when they are running at chronic losses. If United and GM would simply go under, their market share and assets could be divided up among healthier companies. Presumably those companies would operate on a more modern 401(k) retirement plan. The more we look at PBGC, the more it smells.

To: Rambi who wrote (488)	6/7/2005 10:55:08 AM
From: Lane3	Respond to of 541457

I was offered a job by the Pension Benefit Guarantee Corporation thirty years ago. They were a tiny agency with only a handful of pension plans of any size. I got the impression that they had no expectation of growing much over the years. It sure didn't turn out that way.