Wednesday, May 11, 2005

United defaults on Pensions

What good is a defined benefit pension plan if you can't trust the payor to pay. A National system of personal investment accounts is going to look like a much better deal. Less risky than depending on United, or GM, or Ford.

It's not McGovern's guranteed national income, but merge Social Security Reform's personal accounts with accounts started by the Feds at birth, and you get something akin to guranteed national investment account. You bear the risk but I bet United Employees now wish they had something like this.

No comments: