On Sun, Sep 21, 2003 at 09:05:09PM -0500, Dan Minette wrote: > To me, it is obvious that the company decided to get rid of its oldest > engineers. The pension liability they would have if they allowed > these workers to work till they were 65 was the most likely reason > for this action. Another thought was that older engineers were not > talented enough because they were old.
Do you think it would have happened on a 401(k) type plan instead of pensions? It seems to me this is yet another problem due to pensions. Defined contribution plans beat defined benefit plans in many ways. -- Erik Reuter http://www.erikreuter.net/ _______________________________________________ http://www.mccmedia.com/mailman/listinfo/brin-l
