You've been laid off 4 times! Did they fire everyone or just some? Wonder why your name was on the list (4 times!)?
Maybe you should have prepared yourself a little better.
Having a company pension wiped out is a terrible thing, no doubt. It has happened a lot in the past, including the recent past.
What is the governments responsibility to you when you pension is wiped out? You made a contract with an individual or company who failed to keep it. Other than allowing you to sue them, what should the government do for you now that you have suffered this loss.
My answer is: nothing. Do you object to that? Why?
I guess they were ignorant about it too, 'cuz they got wiped out, yet they expect me to pay for it. The fact you've even heard of a "company pension plan" shows you're a baby-boomer, those things are dead....
But don't let your ignorance stop you.
I do my own investing--401K world now y'know....
You've been laid off 4 times! Did they fire everyone or just some? Wonder why your name was on the list (4 times!)?
I was stupid enough to work in Defense in the '90s when Clinton was cancelling all the projects. If your project is cancelled by DoD, you and everyone who worked on it has to find another job. It's not 'fired', it's laid-off 'cuz the work is gone. But don't let your ignorance of private industry stop you....
Maybe you should have prepared yourself a little better.
Yeah, I guess that BSEE degree and 8 years in the Army as an officer wrecked my chances for a career....
Of course I don't 'deserve' a job like cherry's family 'deserves' a retirement. I understand one must earn things--another thing that separates me from baby-boomers....