Reply to post: We can all torch IBM

UK IBMers lose crucial battle in pension row

Alistair Silver badge

We can all torch IBM

However, this function is happening in many places, and has happened already in many places. The concept in the late 70's and early 80's of having put a (portion) of your earnings into a big pool with all your co-workers, left invested over the lifecycle of your working career would provide you with an income to sustain you through your retirement years.

Pension plans, since 86 have been the *very first* objects that corporations, governments and unions have raided to correct "accounting errors". Every Single Time. As a result some of us cranky old bastards have a reason for wanting the financial wizardsassholes of Wall(balimeout)Street hung, drawn, quartered, shot, pissed on, burned at the stake and launched into orbit.

But I don't hold it against anyone....

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