tomgoodman
Well-known member
- Joined
- Mar 13, 2006
- Posts
- 2,356
Half a loaf....
Sad, but true. In light of such a swindle, it seems incredible that early retirement was still the wise move, but it was! Unfortunately for those still flying, greedy companies are not finished with their "just business" transactions.
...The vast majority of the guys that retired in the year prior to bankruptcy lost upwards to half of their retirement. Almost all of us took the lump sum check, which accounted for half of the pension and were supposed (per our binding contract) to receive the remainder, monthly,for the rest of our lives. Those monies,(for the most part) and our medical benefits (again per our contract) went bye-bye...Hey..it`s just business they said...
Sad, but true. In light of such a swindle, it seems incredible that early retirement was still the wise move, but it was! Unfortunately for those still flying, greedy companies are not finished with their "just business" transactions.