Tracing pension crisis
I am writing in response to the Duncansville man’s letter to the editor regarding the pension crisis.
The crisis is caused by employers not paying into the plans. It is also wrong to say that high wages and salaries make higher pensions. That is not the cause, either. It is not paying into the plans you offer to your workers.
There are 29,000 pension plans in trouble. The federal government takes over the private sector plans, and we taxpayers pick up the cost for them also.
The public plans are also in the same condition.
The only solution is to make sure that if you provide a pension plan to your workers, you pay into the plan. What about the one percent and their fat pension plans?