Why The Decline In Pensions Will Mean An Increase In Poverty For America’s Retirees

Why The Decline In Pensions Will Mean An Increase In Poverty For America’s Retirees: Across the country, American corporations are freezing pension benefits or cutting them altogether, using union negotiation processes to change the way workers save for retirement. General Motors and Ford Motor Company have recently downsized their pension plans, and Caterpillar, a company that pays its chief executive more than $17 million a year and raked it [...]/p