Thursday, May 12, 2005

United Airlines

From http://www.indystar.com/apps/pbcs.dll/article?AID=/20050512/BUSINESS/505120395 I was reading a story about employees getting screwed about their pensions that they put their hard earned money in. Now please ladies and gentlemen correct me if I'm wrong but when you put money into a pension you expect to get it back at a future date when you retire yet United Airlines, like so many other big businesses, in fact recently a bankrupcy judge ruled that United can TERMINATE four pension plans that covered 120,000 employees. TERMINATE! That means ladies and gentlemen those people are pretty much screwed! Right now if you work for a major company I'd be very leary of them and the way they are working with your money cause right now they are about trying to screw you!

1 comment:

JayD said...

You'd think that there would be some kind of insurance to prevent that.