Harvey/Pri – I strongly reccomend you read a book called “Retirement Heist” by Ellen Schultz. It’s available at the public library.
She’s a former WSJ reporter who covered pension and retirement issues for years. She details exactly how corporations legally gamed the system to extract money from the private corporation pensions. What they did was legal – but not fiscally responsible knowing they had pension obligations. She outlines case after case of how corporations lobbied for relaxed funding standards, a relaxed regulatory environment that let them legally underfund pensions.
