Pensions at Risk – A Perfect Storm? »

Posted By populist 6 months, 3 weeks ago in Business & Finance

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Chrysler has declared bankruptcy, and General Motors may soon follow. Will taxpayers be expected to cover the costs of the pensions the companies promised their workers? The pension shortfall for GM alone is estimated at $13.5 billion.

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    jordan116 months, 3 weeks ago

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    What are the options for the workers without taxpayer assistance?

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      Justice4All6 months, 3 weeks ago

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      Pensions should be guaranteed by the company with money set aside. That way if they file bankruptcy the employees get paid first instead of the creditors.

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