IronWing
No Lifer
Originally posted by: LostWanderer
Very few people get company pensions. Changing jobs, company bankruptcy or reorganizing under a different name every 3-4 years is pretty common.
This is why the United Mine Workers fought for control of the pension funds. In union mines, the company pays into the union pension fund and the union distributes the pensions. It isn't a perfect system but it does protect the members from some of the problems you mention.