Retirement Heist: How Firms Plunder Workers’ Nest Eggs

BOOK REVIEW - Retirement Heist: How Companies Plunder and Profit from the Nest Eggs of American Workers, Author: Ellen Schultz

By Steve Denning – Two decades ago, pensions were well funded, due to laws and regulations passed in the 1970s and 1980s. By 2000, pension plans at many large companies had large surpluses that would have covered all current and future retirees’ pensions...