After that cheery news below about giving there’s this from the NY Times:
…with the recent announcements of pension freezes by some of the cream of corporate America – Verizon, Lockheed Martin, Motorola and, just last week, I.B.M.
– the bell is tolling even louder. Even strong, stable companies with
the means to operate a pension plan are facing longer worker lifespans,
looming regulatory and accounting changes and, most important,
heightened global competition. Some are deciding they either cannot, or
will not, keep making the decades-long promises that a pension plan