re: #134 Dark_Falcon

If a pension can’t be paid for than it cannot be paid for, but failing to pay it is still a breech of faith. The greatest wrongs of a pension crisis occur long before the crisis becomes acute, as for an entity to promise to aid its employees’ retirements is not a commitment to be made lightly, and that once made should be treated as a debt of honor.

Good. Do you think, for example, that in the case of the airline above, that the compensation for the CEOs and other officers should have been slashed in order to pay the pension obligations?

The other solution, of course, is for the government to guarantee the pensions.