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The Retirement Robbery

Tuesday, April 17, 2012 - 12:27 PM
From Freakonomics
In corporate America, the same entity providing pensions has many other needs, so it uses the pension fund as a casino as much as the law allows and often beyond (with hardly any penalty). As but one example, bankruptcy of the company mostly destroys the workers pension and the company’s pension obligations, giving companies an incentive to go bankrupt.

Ken TuminKen Tumin5,472 posts since
Nov 29, 2009
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