Taking your pension
Why give a pension to someone who used to work for them when they could give themselves a nice, hefty bonus instead? As discovered by a Wall Street Journal reporter and author, some employers use the pension that would normally have to go to their former workers or their health-care insurance to boost the company’s profit and give out bonuses.
It’s not even difficult to freeze pension plans, cut benefits and opt for lump-sum plans considering that the money saved from cutting benefits can be declared as income. According to the law, there’s nothing you can do.
