Many Americans also have lost or are threatened with losing
the pensions they have counted on from their companies. Others
are facing freezes that will reduce the expected value of their retirement
benefits. Among the big-name companies that announced
the freezing of their benefits in 2006 alone were IBM,
Alcoa, Northwest Airlines, and Sprint Nextel. And it is possible
that state, county, and municipal employees could face threats to
their pensions similar to those now faced by government workers
in San Diego.
the pensions they have counted on from their companies. Others
are facing freezes that will reduce the expected value of their retirement
benefits. Among the big-name companies that announced
the freezing of their benefits in 2006 alone were IBM,
Alcoa, Northwest Airlines, and Sprint Nextel. And it is possible
that state, county, and municipal employees could face threats to
their pensions similar to those now faced by government workers
in San Diego.
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