"kontiki" wrote in message
...
Mike Rapoport wrote:
It isn't supposed to require either a leap of faith or the company
remaining
in business. The Company is suppose to deposit money to fund the
pension
plan which is a trust with an independent board. The funds are
professionally managed and, barring catastrophe, there should be enough
to
pay the promised benefits.

One could make the same argument that Social Security is supposed to be
just that:
"professionally managed and, barring catastrophe, there should be enough
to
pay the promised benefits." But even that is no longer sacrosanct.

The only real solution to all of this is for people to take charge of
their
own retirement via their own personal accounts that they themselves
manage.
When you delegate this responsibility to some other party you do so at
your own risk.


The term is "beholden".

When you demand the taxpayers bail you out of your stupid and adolescent
decisions, the term is "parasite".