Vulture Capitalism: We are all Now Gordon Gekko.

[evildevil]

This Is Capitalism Now: How a Coal Company Bilked 20,000 Workers Out of Health BenefitsCorporate America is coming for your retirement

Comments

[crossfire]

I know I have next to nothing saved for retirement because I keep getting laid off. Retirement benefits don't start vesting until you've been around for at least a year, and then they typically take another 1-5 years to fully vest. I haven't been able to keep a job for longer than 3 years because of layoffs. Whenever I see any part of a benefits package that relies on vesting, I just sign it off as "something I'll never see because they're going to lay me off before it ever happens."

[aviv_b]

Despicable. A deal is a deal unless, unless of course, a corporation decides later it doesn't like the terms it negotiated.

[romp]

businesses shouldn't be in the pension business. The government should. Obamacare will help fill the biggest hole in our social contract, but Medicare and Social Security are perpetually on the chopping block now -- and just when people need them more than ever. As Josh Barro argues, if anything, the government should be expanding Social Security, not cutting it.

I agree. It's bad luck health care is and was tied to work in the US.

I'm not sure I know more than 2 people under 50 with any sort of savings. Granted, I don't know professionals but I do wonder about the future.

[bushy_brow]

My "retirement" plan was working my way up to a desk job now that I'm too old to be on my feet all day, and so now I'm as close to retirement as I'll ever get.