First They Came For The Pensions
Jul 25th, 2005 at 10:21 am by Susie
Hey, we’re all screwed:
NEW YORK — Companies looking to cool their pension problems are freezing benefits for the workers least likely to complain.
This means cutting off new employees, or a combination of new employees and workers of a certain age — often those under 40. Only people ages 40 and over are covered by federal age-discrimination labor laws, an area of growing concern to employers who are still reeling from age-discrimination lawsuits over so-called cash-balance plans.
