"Morgans" wrote in message I think that the time has come and past, where
companies can so easily dodge
a pension plan's obligations. There should be laws passed to protect all
pension plans, by holding them in trust, or whatever means are necessary.
Allowing them to dodge them is, IMHO, a breach of contract.

There ARE laws in place. And there are a few Congress critters who exercise
intelligence of a higher order. A couple of them wrote guidelines for
'defined contribution plans (401k)'. Most workers with defined benefit plans
scoffed at 401k plans, but 401Ks aren't looking so bad now. Which plan do
the profitable carriers offer?

D.