Disappearing Pension Plans

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In the past, Americans worked most of their adult life for one company. In retirement their earned pension repays that loyalty by taking care of retirees through old age. Today, the cold reality is that many of those pension agreements aren't worth the paper they're written on. Changes in bankruptcy laws have made it easier for companies from airlines to automakers to shed pension obligations, robbing employees of the power to sue a company to enforce retirement promises. Some bankruptcy legal experts foresee the day when literally every business in America will try to dodge pension plans. Coupled with escalating healthcare costs, will the loss of retirement pensions turn millions of retirees toward poverty instead of security? Diana Nyad guest hosts.
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Guest host Diana Nyad, 2002 inductee into the International Swimming Hall of Fame, is a business sports columnist for Marketplace, senior sports correspondent for Fox News, and has hosted her own show on CNBC. She's also the author of three books.

Pension Benefit Guarantee Corporation (PBGC)

United Nations Convention on Climate Change

UN Climate Change Conference

Mittelstaedt-s article on rise of Canadian greenhouse gasses



Warren Olney