Ask former Eastern Airlines employees about their pensions. Why should government employee pensions be guaranteed for the full amount and employees of private firms that go bankrupt get theirs drastically reduced? Are politicians promises more believable than corporations?
Are they not supposed to pay into the government mandated pension insurance plan for corporations who offer pensions?
Perhaps the government is defaulting on those plans, or did not enforce the requirement that all those companies who offered those plans, pay their insurance premiums.
You tell me.
altern....If I remember correctly Eastern’s demise was caused by the Mechanic’s union refusing to negotiate thus forcing the airline to fold.