"Jay Honeck" wrote in message Speaking as one of the millions who have
never had a pension plan -- and
never will -- $45K per year for sitting around the house sounds pretty
danged good.

$45k is the maximum. Very few will get that amount. I work with a flight
attendent who had 19 years, 11 months in at Eastern when they went tango
uniform. Being 1 month shy of 20 years, and being well shy of 60 years of
age, means she will get less than $300/ month at retirement (if the PBGC
isn't dissolved). This is much more prevalent than the $45k/yr figure touted
in the press.

Employees with a pension plan give up other benefits, usually more pay, for
the promise of a retirement pension. When those promises are broken, the
employee ends up with nothing in exchange for many years of concessions.
Most of these people put their trust in Big Corporate Brother and will pay
dearly in their less productive years.

You don't have a pension, but I bet your retirement will be a lot nicer for
not counting on Big Corporate Brother.

D.