Isn't it that way with most companies?

I'd say, be happy Verizon even offers retirement benefits, as a large number
of companies, these days, are just dropping them!

Notan

If your company established a plan where you could invest money, and that
you could get the money out when you retired, and that you could retire at
55 (at a reduced pension), then changed the rules and told you you'd have to
wait until 10 years after you retired to get the money, that wouldn't bother
you?

Whether a company offers a pension, or No pension, or tells you they'll TAKE
money from you when you retire, isn't the issue. What's at issue is
fairness. It's unfair in any game to change the rules to one side's
advantage once the game has started. People chose to accept employment in
certain companies because of the benefits offered.

Yeah, yeah, yeah, companies are cutting and eliminating pensions. If it were
due to the company losing money to the point that the execs lost their
multi-million bonuses and golden parachutes, that would be one thing.
Instead, the fat cats are getting fatter by playing these pension games.

Don't start remedying the situation by cutting the throat of the little guy
who built your company. In the end, it's bad business.

Dean
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