I don’t know about you…but it really upsets me to hear about companies that keep cutting retirement benefits for those who have worked all those years for those benefits. I really believe it should be illegal to change the benefits, due to a retiree. I think whatever benefits were in the contract at the time of the worker’s retirement should be enforced until death. A retired worker lives on a fixed income provided by the pension and benefits afforded them at the time of their retirement…taking that away or lessoning what they receive is at the very least immoral in a world that we all know is getting harder and harder to make ends meet. Reducing the income of a person who based their decision to retire on what they were promised at the time of the retirement just feels wrong. How can we expect them to survive in a world that the cost of living is rising disproportionately to the amount of money they receive on a monthly basis; reducing that amount should be considered criminal. (more…)
Posts Tagged ‘retirees’
Cutting Retirement Benefits-Should Be Illegal
Posted in Business, death, economy, elderly, finances, future, health, Labor, legal, life, news, tagged benefits, Business, CEO's, companies, cost of living, criminal, death, employees, employers, executives, illegal, immoral, life, pay raises, pensions, perks, production costs, resentment, retirees, work force, workers on July 16, 2008| Leave a Comment »