"BTIZ" wrote in message
news:6TSge.30596$fI.11949@fed1read05...
you work and build a retirement plan based on what you have done and what
the company promised..
and then after you retire.. the company cuts your planned pension from
$60-70K to $45K
how are you going to live now... sell everything you have.. and buy
something cheaper..
unless you already did that to retire..

In that case you screwed up. Planning on retirement income outside what you
have stashed away is foolhardy.